I know what you are referring to in the US, but that doesn't explain the intra-Europe differences in regulation when it comes to doing business. Like Denmark is number 4, Germany is number 22, and Greece is number 79 on this index? [1] I don't think Denmark (or Norway, at number 9) is exactly an unregulated capitalist paradise where the environment is being destroyed in the name of business.

I say this because I think Europe with a set of consistent regulations and ways of establishing business would serve as a good counterweight to the freewheeling, "anything goes" nature of US capitalism. But I think the fragmentation is its Achilles Heel.

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[1] https://www.doingbusiness.org/en/rankings?region=oecd-high-i...