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by xyzzy4 3618 days ago
The problem with the EU is it has more regulations than there are atoms in the Milky Way.
2 comments

And running a business that serves N countries that don't have a common regulatory framework is dealing with N times as many regulations.

Observe the nightmare that are state-regulated industries in the US. (I'm looking at you, health insurance, finance, etc.)

Now, imagine if each state had its own FDA...

You have so many regulations because modern economies are extremely complex - not the other way around.

Food for thought on economic complexity: https://medium.com/@kevin_ashton/what-coke-contains-221d4499...