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In all those cases, it sounds like the company would actually suffer the consequences of their prior mismanagement (compared to today where mostly just employee

In all those cases, it sounds like the company would actually suffer the consequences of their prior mismanagement (compared to today where mostly just employees suffer from bad management decisions). Yes, that means some companies might go under when they could have saved themselves by mass layoffs. I'd be okay with that trade. Yes, that means growth might slow down to more reasonable levels. I'd be okay with that trade. Europe isn't booming economically like the US, but if you've ever traveled there, their quality of life seems perfectly fine, and costs are much lower.

phil21 2y ago
> Europe isn't booming economically like the US This would be an extreme understatement. > but if you've ever traveled there, their quality of life seems perfectly fine I'm not sure if traveling there is much of an indicator of anything. Doing business there over the course of many years might be a very basic table stakes start to get any idea of what is happening. Even then it will have large blind spots. Most folks traveling to Europe are also traveling to the richest parts of the richest countries and ignoring the rest. Inertia is a hell of a drug. For how much longer can western Europe stagnate and continue to fall behind the entire world little by little? There are bright spots, but those seem to becoming fewer and further in between. Talk with the younger generations and you may start to get different answers than you expect. The US system certainly isn't how I'd design things today, but I very much would avoid what the EU is seemingly running headlong into. How much of that has to do with worker protection laws is certainly highly debatable though.