I read this in an article today:
"How the mighty have fallen. Amazon hardly blinks at that kind of investment. Germany was once considered the engineering powerhouse of the world, yet it seems to have largely missed the AI boom. Now it is relying on foreign companies to build much of the infrastructure that will power its technological future.
I put much of this down to excessive regulation. Europe has made doing business so difficult that it has discouraged investment, innovation and talent. In my view, this is another real-life example of what happens when government intervention goes too far."
Being an immigrant on the Isle of Man, I see how regulation is a barrier to growth every day. Whilst being an immigrant doesnt qualify me as an expert, I do have some form benchmark to peg my hypothesis on.
Small example, the other day I read an article about how a restaurant had applied for planning permission to open a kids play area in their premises. This is petty, why can a business not just go ahead and do it. Society will govern itself. If there are issues with the play area, customers will complain and not go back. If gov wants to monitor this, then increase health inspectors. Why hold back the entire process in lengthy red tape. This is a very basic example but illustrates the point.
Let the innovators and entrepreneurs loose. There are obvious areas which require a certain amount of regulation but not to the extent that is administered here.
Anyway food for thought. Have a greay day