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by nekitamo
66 days ago
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As an American living in Europe, I don't think the well-balanced European way of life is the cause of Europe "falling behind". Instead I think it's a combination of the following intertwined factors: bad policies, a stunningly incompetent array of bad leaders, and bad deployment of capital (by both private investors and the state). Agreed otherwise, the essay is great. |
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It’s a lot easier for a business in one US state to expand to another one, but cross border business expansion in EU is still difficult.
People speak different languages, bureaucracy is different and often in a different language as well etc.
On top of that businesses are a lot more regulated than in the US.