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by AsyncAwait 2108 days ago
> Maybe part of the problem is that due to so many regulations, there's not a healthy startup ecosystem

Reaganomics talking point since the 80s, yet the U.S. constantly relaxes regulations, recently it released even more environmental ones and it looks in parts like Mars.

But of course, cut regulations, cut corporate taxes, cut benefits, cut, cut, cut. There's never a failure model for such capitalism apparently. 2008 even was blamed on regulation, rather than lack of thereof.

Am quite frankly done with this line of argument.

1 comments

I know what you are referring to in the US, but that doesn't explain the intra-Europe differences in regulation when it comes to doing business. Like Denmark is number 4, Germany is number 22, and Greece is number 79 on this index? [1] I don't think Denmark (or Norway, at number 9) is exactly an unregulated capitalist paradise where the environment is being destroyed in the name of business.

I say this because I think Europe with a set of consistent regulations and ways of establishing business would serve as a good counterweight to the freewheeling, "anything goes" nature of US capitalism. But I think the fragmentation is its Achilles Heel.

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[1] https://www.doingbusiness.org/en/rankings?region=oecd-high-i...