these are socialists. and they need this bureaucracy to manage the economy in a way they think makes sense, always with an eye on climate change and ESG regulate. this is of course their own downfall

TomK

econ

Geopolitics: the big loser is Europe

Stumbled upon this insightful article that perfectly captures one of Europe's most pressing challenges: excessive bureaucracy.

> **['Europe is losing the battle in the global competition'](https://www.pwc.nl/en/insights-and-publications/themes/economics/europe-is-losing-the-battle-in-the-global-competition.html)**
>
> Increasing regulations and bureaucracy are making the European business climate less and less attractive. European countries are falling behind, especially compared to the possibilities in the United States. It is time for European governments to think harder about this, says Kemal Sağlam, CEO of construction company Ballast Nedam, in PwC's video and podcast series 'CEOs on course'.
>