> drowning in unnecessary regulations/taxes/red tape
I think that's wrong and it's biasing your interpretation of what is happening. First of all I don't think they are 'drowning', business and projects get started every day in Europe/America, and obviously there's great prosperity being created. Secondly, I don't agree they're unnecessary.
It's like saying that someone remodeling the first floor of a large apartment building, can move faster by just knocking down walls instead of first hiring a building inspector to identify the load-bearing walls.
Of course if you're an autocratic country that doesn't care about anything else than the currently stated party position, you can do things that are impossible in other places. But they're obviously going to run into problems doing this. And some kind of problems aren't of the kind that you can fix afterwards by a policy-change.
It's like the story of the tortoise and the hare. Careful consideration might slow you down at first, but it will end up saving much more time by not having to fix mistake as well as redo it better.
I think that's wrong and it's biasing your interpretation of what is happening. First of all I don't think they are 'drowning', business and projects get started every day in Europe/America, and obviously there's great prosperity being created. Secondly, I don't agree they're unnecessary.
It's like saying that someone remodeling the first floor of a large apartment building, can move faster by just knocking down walls instead of first hiring a building inspector to identify the load-bearing walls.
Of course if you're an autocratic country that doesn't care about anything else than the currently stated party position, you can do things that are impossible in other places. But they're obviously going to run into problems doing this. And some kind of problems aren't of the kind that you can fix afterwards by a policy-change.
It's like the story of the tortoise and the hare. Careful consideration might slow you down at first, but it will end up saving much more time by not having to fix mistake as well as redo it better.