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The US is wealthier, has more billionaires and has fewer of these barriers for small entrepreneurs. So no, this is not the monocausal explanation that applies
by bpodgursky 2mo ago
The US is wealthier, has more billionaires and has fewer of these barriers for small entrepreneurs. So no, this is not the monocausal explanation that applies equally everywhere.
(YES, the US has regulatory capture, YES the wealthy attempt to use it, YES we should try to eliminate it here too, but it remains true that it is easier to run a small business in the US, while having more billionaires. There are other explanations to the differential here).
- 21asdffdsa12 2mo agoAgreed, europe has a culture of "stability" first. The fear of disruption and chaos is larger after two WW and it outsourced the risks of disruption to the US. Basically, use the us as a test-mouse for new ideas and innovations, then when proven safe introduce them and ride those coat-tails to infinity.
- petcat 2mo ago> use the us as a test-mouse for new ideas and innovations, then when proven safe introduce them and ride those coat-tails to infinity What actually happened, and continues to happen, is that Europe and the EU became entirely dependent on US tech and other foreign industry. It wasn't just a matter of "see what works and then copy it domestically". It oursourced basically everything.
- trinix912 2mo agoTo be fair, it was mostly outsourced to China, at least in Slovenia with our electronics development and manufacturing (Iskra and Gorenje). US stuff has also always been more expensive in every category except software.
- watwut 2mo agoIs fetishizing disruption good for USA? It did helped to create a billionaire oligarch class, but that class is literally intentionally destroying it. I mean, it may end up destroying Europe and the rest of the world too, but the US democracy seem to be their first target.
- 21asdffdsa12 2mo agohttps://en.wikipedia.org/wiki/Living_fossil https://en.wikipedia.org/wiki/Living_fossil at best - organ at mid - cancer when bursting out of the role at worst
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- corford 2mo agoI'm not sure I agree. I find the Delaware & IRS forms and systems archaic/byzantine compared to e.g. the UK system.
- bpodgursky 2mo agoWhy do you deal with any of it? As a small business use Stripe Atlas or whatever.
- corford 2mo agoDoesn't that kind of prove my point?