6: Make employees much harder to fire, make companies much less likely to hire
7: Continue speaking 48 different languages and teach english too late so you have fragmented markets that on average can barely talk with each other at a 1st grade level
8: Have wildly different regulatory, legal and tax schemes within each fragmented mini-market such that EU-wide expansion is difficult
9: Cement social welfare expectations based on economic and population-driven realities that no longer exist, making competitive taxation regimes impossible
10: Force almost all private capital into centralized government run pension systems that are massively underinvested in risk assets, starving the business/venture ecosystem of capital while not meeting the social welfare expectations.
I could list a million examples. But here's one, imagine if selling a physical product in Illinois vs. Ohio required:
- hiring a human representative in each state and paper-based filings and correspondance in different languages for the VAT register
- Joining a dual-state system for financing the recycling of the packaging
- Registering with a package register who has the right to refuse your product over marginal differences
- Changing the packaging language for each state
- Having your supply chain examined by officials of each state, in different language (better hire someone), for things they don't like
- Hiring a local representative in each state to manage interactions with regulatory bodies related to EPR (Extended Producer Responsibility)
- Treating your IT systems in each state differently based on nuanced data rules and compliance
Yes, it's worse than the US. California is the most regulation-happy US state and they're a cake-walk compared to interfacing with EU beaurocratic idiocy (in many different languages!).
7: Continue speaking 48 different languages and teach english too late so you have fragmented markets that on average can barely talk with each other at a 1st grade level
8: Have wildly different regulatory, legal and tax schemes within each fragmented mini-market such that EU-wide expansion is difficult
9: Cement social welfare expectations based on economic and population-driven realities that no longer exist, making competitive taxation regimes impossible
10: Force almost all private capital into centralized government run pension systems that are massively underinvested in risk assets, starving the business/venture ecosystem of capital while not meeting the social welfare expectations.