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trancaholic
Danish Prophet of Doom

Registered: Oct 2000
Location: Aalborg
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| quote: | | Other confident-sounding things that you hear Americans say about the EU - that it's plagued by a sclerotic bureaucracy, that it squelches entrepreneurship and initiative with over regulation, that its cradle-to-grave welfare states are dragging down its economy - should be viewed with similar skepticism. |
Are you paying attention Yoepus? 
As the other Europeans I too think that the article paints a overly rosy picture of the EU. But I think that the author is right when he asserts that the young Europeans are feeling less like nationalists and more like Europeans - and that this trend as intensified in the last couple of years. I don't think that the Iraq war was the spark that started this movement, though. I think the reason is mainly that the price of intra-Europe flights have gone down drastically in price. 30-40 years ago it was a pleasure reserved for the few to go abroad. Today there's not much price difference to me in spending my weekend somewhere in Denmark, and travelling to Milan or Barcelona. This increased mobility has made Europe a much more cohesive block.
The Bush administration *has* helped things along, as Europeans are generally repulsed by the administration and has gained an incentive to help establishing a counterweight to US dominance in the world. The major decisions of the Bush administration on Kyoto, ICC, ABM, and Iraq all have strengthened the drive towards closer European integration.
Wrt. China: It is true that China is an economic power and probably will continue to grow as long as it has resources to spend. However, the country is plagued by corruption, and its educational system is crippled by the need to keep students from developing individual thought patterns. These two aspects would need to be cleared away if China is to become what the US was 10 years ago: A beacon to the world.
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Nov-18-2004 07:15
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Yoepus
Neo-condimist

Registered: Jan 2002
Location: Ketchup fields, Texas
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| quote: | Originally posted by trancaholic
Are you paying attention Yoepus? 
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I'm paying attention.....
but what should I being paying attention too
Anyhoo from my recent trip to Swissland (not an EU country) I uncovered that the EU indeed does squelche entreprenuership.
To start a limited liability company, or any limited corporation you need about $20,000-40,000 that you have to put up and will never see ever again to sit in bank somewhere deriving interest for the government which holds it as a 'liability' against your company. In addition you have your huge license fees, etc, and complicated legal fees always needed when dealing with a lot of money.
In Texas you pay up to $200 once and you have a corporation.
...
Now if I were to add and say that in this European nation that 10-50% of your corporations income goes staight to government, in addition to have social security, employment protection insurances, etc levied on you, and then personal income tax later.
Where as in Texas you pay a limited franchise tax (not more than 5%) for running a corporation, and your American social security and protection, etc, with no income tax.
Where would you start your business?
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Nov-18-2004 07:29
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