OVERREGULATION, THE FINAL STRAW FOR ASPIRING ENTREPRENEURS

Donghyun Park

Chapter 25 in Capitalism in the 21st Century:Why Global Capitalism Is Broken and How It Can Be Fixed, 2019, pp 107-110 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Sound and effective regulation is absolutely indispensable for creating a level playing field for firms to compete vigorously with each other on the basis of price, quality, and technology. Yet, as is always the case, too much of a good thing can be bad thing, a very bad thing indeed. Here the anti-government crowd has a much stronger case against the government. Anybody who has ever started his own business knows fully well that overregulation and excessive red tape are major hurdles to doing business. There are so many other things one has to do to start a business besides filling out forms, applying for licenses, and handling other administrative matters. Obtaining a bank loan, finding reliable suppliers, hiring good workers, identifying a suitable store location, and the list goes on and on…

Keywords: Capitalism; Globalization; Inequality; Entrepreneur; Financial Industry; Government; Socialism; Market (search for similar items in EconPapers)
JEL-codes: A1 F00 F6 N2 P16 (search for similar items in EconPapers)
Date: 2019
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