Posted on 07/04/2014 10:37:37 AM PDT by Kaslin
We’re going to touch on two topics today.
I realize that not that many readers care about Greek economic policy, but sometimes other nations can teach us very important lessons. For better or worse.
And in the case of Greece, the lesson is that government intervention and bureaucracy is an enemy of entrepreneurship.
Probably the most amazing – and weird – example is that the Greek government wanted stool samples from entrepreneurs seeking to set up an online company (and, just to be clear, I’m not talking about furniture).
We now have another example, but it’s seems more tragic than bizarre. Here are some really sad passages from a column in the New York Times by a woman who tried set up a business in Greece.
I managed to master the perfect macaron. I was ready to sell them. I invested every penny I earned in high-quality photographs, a superbly designed website and tasteful packaging. “Le macaron grec” was born and the little olive green boxes of treats I was selling were, I thought, my chance to regain control of my life. “Le macaron grec” became a huge success, as I was in demand to cater parties and weddings. …I felt like I was on my way.
Until the visible foot of government interfered with the invisible hand of the market.
…as happens so often in Greece, the bureaucrats had other plans. In a country where you are viewed favorably when you spend money but are considered a criminal when you make it, starting a business is a nightmare. The demands are outrageous, and include a requirement that the business pay taxes in advance equal to 50 percent of estimated profit in the first two years. And the taxes are collected even if the business suffers a loss. I needed only 20 square meters for my baking business, but inspectors told me they could not give me permission for less than 150 square meters. I was obliged to have a separate toilet for customers even though I would not have any customers visit. The fire department wanted a security exit in the same place where the municipality demanded a wall be built.
So what happened? Was she able to satisfy the costly requirements of big government?
Alas, we don’t have a happy ending.
I, like thousands of others trying to start businesses, learned that I would be at the mercy of public employees who interpreted the laws so they could profit themselves. And so in the winter of 2013, my business was finished before it had a chance to take off. The website and a couple of empty boxes in the top of my closet are now the only evidence of the inglorious end of a dream.
Stories like this get me angry. Heck, I’m outraged that taxpayers from around the world have bailed out the Greek government so that bad policy can continue.
Having gotten ourselves all agitated, let’s now enjoy some good news.
It appears that the American people have figured out that our statist president is not doing a very good job. Indeed, they actually have decided he’s the worst president of the past 70 years according to new polling data.
Ironically, even though Obama is probably the most ideologically left-wing president since World War II, I wouldn’t put him in last place. I think Nixon actually did more damage, and Bush II definitely was a bigger spender.
But it’s still good that voters have soured on Obama. As he becomes more and more unpopular, that probably increases support for pro-market policies – such as genuine entitlement reform and real tax reform.
Sort of the way Jimmy Carter paved the way for Reaganomics.
And speaking of Reagan, I’m very happy that he is the runaway winner as America’s best post-WWII president.
P.S. So with Obama now considered the worst and Reagan considered the best, I wonder what the results would be if someone updated this Reagan vs. Obama poll.
P.S.S. Returning to the issue of Greece, that nation’s crazy politicians actuallygive disability payments to pedophiles.
P.S.S.S. Which is yet another reason why I’m incredulous that so many American politicians want us to mimic Greece’s profligacy (as illustrated by this Henry Payne cartoon).
I suspect they didn’t want to go back as far as FDR, because they knew it would split the democrats polled more between Clinton and FDR.
bad poll numbers for Obama? Are that many people racist???
After all, we have been lectured, by so many, from Jimmy Carter on down, that opposition to this president is due to racism.
One thing I never understand — if America is racist, bigoted, etc. for opposing Obama and his policies, how is it that a racist bigoted society elected him in the first place? And then re-elected him, if America is so racist they can’t abide having a non-white president?????
Nixon did more damage?
Bush spent more?
Alright, alright... time to 'fess up
Who put the dope in this guy's Kool-Aid?
Bookmark
Considering Nixon enabled Communist China by opening it up...signed the Clean Air Act...and had bad economic policies....not far off calling him a bad president
Eight percent say Obama’s the best? I’d like to see the racial background on that number.
Nixon ended military conscription, established the EPA, established reverse discrimination in hiring, imposed wage and price controls & 3 of 4 of his USSC appointments voted in favor of Roe versus Wade. NOT a good record.
What did JFK do except get shot? I will be damned if I can remember.
Nixon paved the way for Carter. He also gave us wage and price controls, the EPA, OSHA, the ESA, and took the dollar off of gold.
Yeah, he did more damage, but Zero is definitely catching up!
Nixon, Ford, Carter, the Bush's - tore down the ramparts a little at a time.
Obama is now laying waste to the town.
Bring yourself...
Bring your ambition....
Bring your recipes.....
Settle in Texas.
Make them here. Sell to stores & on internet.
Problem solved.
The demands are outrageous, and include a requirement that the business pay taxes in advance equal to 50 percent of estimated profit in the first two years.
California wants sales taxes in advance for the first year.
He said he was “ein Berliner”... well, west Berliner. Close enough American I guess.
Got us into Nam, boinked Marylin, Bay of pigs.....
The harm done to the political process by Obama may well be irreparable and in the long run debilitating.
Pretty thin resume'.
Thank you - excellent summary...
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