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> is that US investors have a higher risk appetite than those in most other OECD economies Certainly here in the UK and certainly upto the mid 00's, if someon

> is that US investors have a higher risk appetite than those in most other OECD economies Certainly here in the UK and certainly upto the mid 00's, if someone ended up bankrupt their life was over, blocked from credit in most cases, massively high interest rates in the future if they could get credit, the lenders certainly got their pound of flesh so it wasnt worth feeding the parasites, the population became risk averse. Repression comes back to bite... The other problem is the Class system, something Royalty holds onto dearly, and what some euphemistically call the old boys network, but it keeps people in their place so the [European] Caste system acts as a drag on the economy.

toyg 4y ago
The UK classism is not an EU-wide phenomenon - although a degree of classism is obviously still there (as it is in the US, in practice), it's not as utterly dominant in France or Italy as it is in the UK. The legislation around bankruptcy, however, is definitely very repressive on the continent too. TBH I don't think it's particularly lenient in the US either, but over there creating and operating companies is easier and cheaper, which means people can more easily offload debt obligations.
- Terry_Roll 4y ago
  I agree its not as widespread in Europe, but you do find Royalty lurking in some EU countries and they do cause an increasing drag on their economies whether they want to admit it or not. Its the same in other parts of the world, Royalty is becoming increasingly toxic. > The legislation around bankruptcy, however, is definitely very repressive on the continent too. Europe has the largest slice of banking and financial interests but thats being slowly chipped away by the US. Look at some of the old banks which have gone bust or been swallowed up for liquidity reasons since the financial crisis in 2008. You have the US and UK printing money to dilute China's hard work, the Weimar republic has a lot of parallels.

toyg 4y ago

The UK classism is not an EU-wide phenomenon - although a degree of classism is obviously still there (as it is in the US, in practice), it's not as utterly dominant in France or Italy as it is in the UK. The legislation around bankruptcy, however, is definitely very repressive on the continent too. TBH I don't think it's particularly lenient in the US either, but over there creating and operating companies is easier and cheaper, which means people can more easily offload debt obligations.

Terry_Roll 4y ago
I agree its not as widespread in Europe, but you do find Royalty lurking in some EU countries and they do cause an increasing drag on their economies whether they want to admit it or not. Its the same in other parts of the world, Royalty is becoming increasingly toxic. > The legislation around bankruptcy, however, is definitely very repressive on the continent too. Europe has the largest slice of banking and financial interests but thats being slowly chipped away by the US. Look at some of the old banks which have gone bust or been swallowed up for liquidity reasons since the financial crisis in 2008. You have the US and UK printing money to dilute China's hard work, the Weimar republic has a lot of parallels.