In which countries is it easiest to form a new business? You’d think that with more than two-hundred years of entrepreneurial culture, the United States would rank fairly high. And we did. Until about 1962, starting a new business in the United States was quicker, cheaper, and easier than anywhere else. Not surprisingly, the country enjoyed the highest rate of new business startups of anywhere in the world.
However, since then, America has been steadily slipping and sliding down the rankings until today the country ranks behind Poland, Lithuania, New Zealand, Singapore and about ten others. Concurrently however, over the same fifty years, the number of U.S. government programs taxing money away from those who work for it and offering it to others has skyrocketed. It is made available almost on request in the form of cash, free food, free cell phones, free housing certificates, and so on to almost everyone who applies.
Not only has the number of give-away programs soared, but it has become ever easier to join the ranks of the receivers. Why would a society of rational people make it harder for folks to start businesses and easier to become dependent upon one’s fellow citizens?