WorldWide Governments Talk “Entrepreneurship” Practice Red Tape

February 28, 2007 by Chuck | 0 Comments

Here’s a piece from Sweden (in English) about how their government talks “Entrepreneurship” but practices “Red Tape”. Here’s a quote below. I added the emphasis.

Of the 25 members states of the European Union, Sweden only ranks 18th when it comes to the percentage of citizens that run businesses. Between 1995 and 2005 this figure dropped steadily in Sweden.

By comparing the 15 least entrepreneurial states with the average of all states, the study shows that the policy environment accounts for between 37-95 percent of the difference in entrepreneurship. Private business thrives in states with low income taxes, whereas minimum wages are negative for entrepreneurship.

It’s not just Europe – or America – though we’re lurching towards America becoming a European style economy with all its woes.

Here’s a African perspective.

In Work at Home Blog

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