[api]

The answer is simple: simplify and streamline all the bureaucracy.

Complexity is a regressive tax. It disproportionately penalizes small ventures and entrepreneurs who don’t have whole departments of people to deal with it. The effect is to prevent the formation of new companies. Large incumbents are able to deal with it, so it actually protects them.

[f30e3dfed1c9]

"The answer is simple: simplify and streamline all the bureaucracy."

Well, that sounds easy! I wonder why no one else ever thought of it. Good thing there are geniuses like you around.

[api]

People think of it all the time. But there’s a giant system full of people whose careers and incomes are linked to the complexity, not just government bureaucrats but also lawyers, accounting firms, expensive consultancies, etc. It’s a hard sell because it would decimate whole industries that revolving around servicing the complexity.

But it’s one of the thing the EU could do to win in new industries.

Honestly if the EU became more innovation and entrepreneur friendly I think they’d kick America’s ass. Tons of smart people, and the positive side of the social safely net is that it derisks entrepreneurship. America is full of would be founders who can’t afford to take the leap since they could lose their health care, etc.