German businessmen are overwhelmed by the high cost of doing business. Inflexible rules, enforced by a burgeoning bureaucracy, discourage entrepreneurship.
Sentiment: NEGATIVE
If we overregulate, over control, impose too many burdens and too much bureaucracy - or if we do it across the board, without taking into account the differences among businesses and their relative impact on society - that could make people risk-averse and dampen the entrepreneurial spirit.
Great entrepreneurs focus intensely on an opportunity where others see nothing. This focus and intensity helps to eliminate wasted effort and distractions. Most companies die from indigestion rather than starvation, i.e., companies suffer from doing too many things at the same time rather than doing too few things very well.
Building businesses takes tremendous stamina, and success isn't achieved without it.
The world's most successful entrepreneurs play hard, but they work even harder.
The economy needs thriving, job-creating small businesses, but excessive and ill-considered regulations too often get in the way of growth.
Certainly businesses the world over are facing greater competitive pressure than ever before, and this leads to executive stress which, in turn, tends to bring out authoritarian tendencies in many bosses. To balance this, we now know a lot more about how we can successfully cope with a situation that is not likely to improve in the near future.
As policymakers, we need to foster an environment that allows U.S.-based innovators and entrepreneurs to compete and to flourish. Excessive regulations and bureaucratic red tape dramatically increase the cost of doing business and create uncertainty for companies.
In the absence of sound oversight, responsible businesses are forced to compete against unscrupulous and underhanded businesses, who are unencumbered by any restrictions on activities that might harm the environment, or take advantage of middle-class families, or threaten to bring down the entire financial system.
Getting things done in this country, if you want to build something, if you want to start a company, it's getting to be virtually impossible with all of the bureaucracy and all of the approvals.
Large corporations, of course, are blinded by greed. The laws under which they operate require it - their shareholders would revolt at anything less.
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