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.
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.