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Why is that crazy? Why is it not crazy that the EU thinks it's so awesome that no business would ever think it's better off without them?
by aeorgnoieang 9y ago
Why is that crazy? Why is it not crazy that the EU thinks it's so awesome that no business would ever think it's better off without them?
- s73v3r_ 9y agoBecause most of the people complaining are tiny businesses, and the EU is the single biggest market out there.
- Silhouette 9y agoMost businesses are tiny businesses. In the UK, 96% of all businesses are microbusinesses (classed as having 0-9 employees) and 99.9% of all businesses are SMEs (classes as having up to 250 employees). Governments tend to obsess about big businesses, and the EU more than most. However, in the entire UK, there are only about seven thousand large businesses. Smaller businesses collectively contribute the majority of almost every important economic metric (jobs, tax revenues, etc.). And of course, even the successful large businesses used to be successful smaller businesses. Given that heavyweight EU regulations disproportionately affect those smaller businesses, because their compliance costs are relatively high, and given that excessive regulation makes it harder or in some cases impractical for businesses to trade within the EU, it is kind of crazy that the EU keeps putting these barriers up. Its own economic fortunes and those of its member states fundamentally depend on maintaining a good environment for smaller businesses to start and grow. Things rarely end well for economies that fail to do so.