I think there are two factors causing friction for the US. The first one is complete dysfunction with housing. Expensive houses are a really bad thing. Having huge amounts of money in housing is a bad thing. This does not lead to prosperity, other than some random people winning a lottery ocassionally. It also makes it considerably harder for people to move which then makes it harder for labour to adjust to supply and demand of jobs. We'd all be far better off if houses were a dollar each. (Also fix the school system - tying it to your house is bizarre.)
On the business side there is a heck of a lot of uncertainty. How often will you be sued (intellectual "property", environmental, who knows what else)? How will your competitors screw you over other than good old fashioned competition? (Think regulatory capture and lobbying.) And what about employee overhead, especially medical costs, social security/retirement, hiring and firing etc?
I'd never heard of Stanhope before - been watching his youtube videos which are very entertaining - thanks!
http://www.washingtonpost.com/blogs/fact-checker/post/presid...
I think there are two factors causing friction for the US. The first one is complete dysfunction with housing. Expensive houses are a really bad thing. Having huge amounts of money in housing is a bad thing. This does not lead to prosperity, other than some random people winning a lottery ocassionally. It also makes it considerably harder for people to move which then makes it harder for labour to adjust to supply and demand of jobs. We'd all be far better off if houses were a dollar each. (Also fix the school system - tying it to your house is bizarre.)
On the business side there is a heck of a lot of uncertainty. How often will you be sued (intellectual "property", environmental, who knows what else)? How will your competitors screw you over other than good old fashioned competition? (Think regulatory capture and lobbying.) And what about employee overhead, especially medical costs, social security/retirement, hiring and firing etc?
I'd never heard of Stanhope before - been watching his youtube videos which are very entertaining - thanks!