Comment by mrighele
3 months ago
Every regulation has a cost, even the good ones. The biggest cost is that they slow down the ability of people and companies to do business, which come out as a lower economic growth. Compared to its peers, EU's GDP has been growing very slowly for the past 20 years, I don't think it is a coincidence.
Some regulation is fine, but it should be really a fraction of what we currently have in Europe.
(Somewhat unrelated, but the EU's situation reminds me of "The End of Eternity" by Asimov, sans the time traveling)
>Compared to its peers, EU's GDP has been growing very slowly for the past 20 years, I don't think it is a coincidence.
Meamwhile, US's GDP exploded and the bust cycles are more or less screwing over 2 generations from such gains. GDP is completely divorced from how the people are doing these days.