Saturday, December 10, 2011

Italy’s Poor Economic Outlook

Whenever highly restrictive business restraints are imposed in this country, our liberal politicians are forced under pressure to “go easy” because such action eventually destroys business growth and jobs.

As a result, the left only grudgingly may exempt business with fewer employees or sales volume from the onerous restrictions.

Liberal politicians are very fond in their thinking of this European Model of regulation. Or they use other fine-sounding euphemisms such as Social Democracy to define their worthy intentions.

The result is, they come up with failures. Italy is but one of several perfect examples. It has little growth prospects. Companies are intentionally kept small so the legal straitjackets are not enforced on them.

The country will never grow to meet its debts when bemired in such a regulatory, high tax system. ( See the Earl J Weinreb NewsHole® comments.)

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