Posted on 09/28/2011 9:12:09 AM PDT by bkopto
The United States is becoming less business-friendly than China, Coca-Cola’s CEO said Tuesday, citing what he saw as political paralysis and a flawed tax structure.
Coke CEO Muhtar Kent told the Financial Times that U.S. states don’t fight one another for investment opportunities, while Chinese provinces clamor to compete for foreign investments. “In the West, we’re forgetting what really worked 20 years ago. In China and other markets around the world, you see the kind of attention to detail about how business works and how business creates employment,” he said.
Kent said that gridlock in Washington was worsening at exactly the wrong time. “When a country is in trouble, you can’t have a polarized political process,” he said. “There’s too much comfort. We need more needles to stick in politicians.”
(Excerpt) Read more at nation.foxnews.com ...
Many CEO's of global companies are simply giving their perspective. China does in fact roll out the red carpet for globalized corporations and is likely going to for awhile longer. Despite global companies in China, they exist more extensively in America. So, the CEO's are simply speaking from their experience as they work with an eager China expand global companies there.
On the other hand, the average person who wants to start a small business in the US will have a much easier time obtaining a loan and have more information available to them about starting and running a business than the average person in China. And there are community education classes widely available in the US for small businesses. But that isn't so interesting to write about in the news.
That's not going to change regardless of who wins in 2012.
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