It is getting more difficult to do business in the U.S. and more stimulus won't solve the...


It is getting more difficult to do business in the U.S. and more stimulus won't solve the problem, says Niall Ferguson, who's about to release a new book, "The Great Degeneration: How Institutions Decay and Economies Die." To Ferguson's surprise, it's easier to open a company in the U.K. than in the U.S., where it takes 433 days to jump through all the bureaucratic hoops. That's up from 358 in 2006.

Comments (5)
  • crash9010
    , contributor
    Comments (181) | Send Message
     
    What kind of company?
    9 Jun 2013, 08:51 AM Reply Like
  • jeanewight
    , contributor
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    good question, crash9010
    9 Jun 2013, 09:08 AM Reply Like
  • dcfleck
    , contributor
    Comments (66) | Send Message
     
    The metric (from the linked article):

     

    "the total number of days it takes to start a business, get a construction permit, register a property, pay taxes, get an export or import license and enforce a contract. If one simply adds together the total number of days it would take to carry out all seven of these procedures sequentially, it is possible to construct a simple measure of how slowly—or fast—a country's bureaucracy moves."

     

    "Seven years of data suggest that most of the world's countries are successfully making it easier to do business: The total number of days it takes to carry out the seven procedures has come down, in some cases very substantially. In only around 20 countries has the total duration of dealing with "red tape" gone up. The sixth-worst case is none other than the U.S., where the total number of days has increased by 18% to 433. Other members of the bottom 10, using this metric, are Zimbabwe, Burundi and Yemen (though their absolute numbers are of course much higher)."
    9 Jun 2013, 09:18 AM Reply Like
  • bd4uandu
    , contributor
    Comments (2074) | Send Message
     
    The solution is simple ... Just print more money.

     

    The crony capitalists in government and banking will make sure it gets passed around for a little piece of the action.
    9 Jun 2013, 09:41 AM Reply Like
  • Jake2992
    , contributor
    Comments (1105) | Send Message
     
    I started my business in under 65 days. If you can't get a business started in America, just give up. We have fewer environmental regulations, lower taxes, and cheaper labor than any EU country.
    9 Jun 2013, 09:36 PM Reply Like
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