Continuing the discussion commenced with this month’s Paris meeting of the Growth Commission, the Growth Commission Chairman, Shanker Singham authored an opinion piece in the French magazine Causeur.
The article (translated by Google) begins:
“For too long, we have accepted the lazy and false idea that “old Europe” is doomed to slow growth. But the slowdown is not natural. It is the result of our choices. When we protect rents instead of opening markets, when we centralize instead of trusting territories, when we pile on taxes and standards instead of freeing up investment and labor, we end up with exactly what we are seeing: energy bills that are too high, take-home pay that is too low, factories that hesitate, and young people who leave.”
Read the full article by clicking below.