3 ms·
The only antidote to bureaucracy is more bureaucracy.
by jjmorrison 7mo ago
The only antidote to bureaucracy is more bureaucracy.
- johannes1234321 7mo agoWell, this part of bureaucracy tries to provide a single bureaucracy instead of 27 different ones.
- woadwarrior01 7mo agoI think the question really is: What's better? One giant bureaucracy or 27 smaller (and competing) bureaucracies?
- ronsor 7mo agoWell, we've proven the 27 smaller, competing bureaucracies are creating plenty of their own issues. It's not like the US where 50 states (and yet more territories) actually compete on simplifying corporate law and offering strategic advantages. Corporate law is inherently somewhat bureaucratic; better simplify it and unify it if proven necessary.
- pyuser583 7mo agoWhy aren’t European countries competing on better corporate law?
- johannes1234321 7mo agoTo some degree they are. Before Brexit there was the 1£ Ltd. as a famous contender, which got quite attraction and lead to creation of German UG. Nowadays Estonia is advertising their quick digital registration process. The problem is that you are still bound to the individual countries legal system and many things there aren't unified. Having to appear at an Estonian court as your books don't comply with Estonian regulation (while at the same time for tax purpose your bookkeeping have to comply to your local legislation) isn't fun. Also people don't know those names. What is a GmbH, an A.S., an OÜ? Is that a serious business or some shady shell company far off?
- pyuser583 7mo agoIn America everything is a shady shell company so it doesn’t matter ;P
- johannes1234321 7mo agoWell, it's all Delaware corporation ...
- okanat 7mo agoBureaucracies are not in competition though. They are intended monopolies. For a prospective company they are investment options, larger countries usually have larger bureaucracies but also larger labor markets.
- brainwad 7mo agoThe second such attempt - there's also Societas Europaea.