Forum Post: Countries with the highest red tape have the biggest growth!
Posted 12 years ago on Dec. 19, 2011, 10:46 a.m. EST by frankchurch1
(839)
from Jersey City, NJ
This content is user submitted and not an official statement
In Time magazine they had this chart that the World Bank did--not exactly socialists--that mentioned the countries with the most government intervention, taxes, regulations, America had some of the lowest regulations of any country while China had the highest. Guess who has better growth? Brazil, India, Argentina as well, have high levels of government red tape, regulations, taxes, but growth is better there than here. So much for the bs about big government being the problem. According to this chart we have small government but low growth.
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