| > That sounds like a significant problem ... for either the Germans or the French to resolve. If you do the math on the number of pairs of EU countries that need to find bilateral solutions ... it becomes clear why the EU government exists. It's just not efficient otherwise. (Answer: 351) > When people talk about larger regulatory frameworks they see the problem as the more permissive side is giving people options and want that shut down immediately. Who are you talking to? People on HN and in US business, and the most popular theme in US government, is anti-regulation. I think both sides are misguided, sort of like being against or for laws - we need the right laws; sometimes we need more, less, or changes. > US citizens who seem to be the lepers of international finance > If the US started talking about global regulation to ease investment, for example, that means they don't intend to make it any easier but they do want everyone to adhere to US compliance ideas whether or not they do business in the US ... Doesn't Wall Street dominate international finance? They don't seem like lepers. Also, when international financial regulation has been discussed, I think it's the US that usually undermines it. But maybe you mean something else than what I understood? |
That logic doesn't hold. If it made sense supermarkets wouldn't work because they have to hold bilateral negotiations with hundreds of thousands of customers. In practice, they just offer a take-it-or-leave-it deal and people either accept it or they don't.
Similarly, countries offer a take-it-or-leave-it set of requirements to foreign investors. If investors aren't taking the deal, countries have the power to unilaterally renegotiate what they offer.
> Doesn't Wall Street dominate international finance? They don't seem like lepers. Also, when international financial regulation has been discussed, I think it's the US that usually undermines it. But maybe you mean something else than what I understood?
I dunno, maybe they operate out of the Caymans or something legally complicated. I'd estimate maybe 20-30% of the stock offers I see have a lot of front matter materials saying something to the effect of "if you come from the US you aren't even allowed to read this, go away". Very US-specific exclusions. Maybe the offers I get are too small time? I dunno, I just report what I see. I always chuckle at it though.