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A very important premise has been ignored: the consequential government intervention in the economy. That means hundreds of regulations that constitute a barrie
by dataker 12y ago
A very important premise has been ignored: the consequential government intervention in the economy. That means hundreds of regulations that constitute a barrier for many aspiring entrepreneurs.
Living in a welfare state, it took me 7 months to incorporate and ~$50000 on licenses+fees to start a simple exporting business. Maybe America and certain EU countries just haven't gotten there yet.
- notahacker 12y agoKafkaesque licensing processes and protectionism are totally orthogonal to the welfare state, as demonstrated by many a developing country which neither permits the average person to try and start a business larger than a food stall nor provides them with access to any form of welfare whatsoever. Edit: Do people genuinely believe that the average sub-Saharan African state, or even growing economies like Vietnam or Indonesia are either easier to legally form a trading company in or more generous with welfare (relative to incomes) than say, the UK, Sweden or even the USA? If there's evidence rather than blindly partisan "he said welfare states weren't bad for business" knee-jerk reactions behind the downvotes, I'd really like to see it.