"However, Stratfor’s latest mailing “Can Putin Survive?” mentioned that Russian regulatory burdens on the economy are startling, and led me to this article showing that government inspections cost the economy $35 Billion a year! 1.8% of the Russian GDP! Curious, I looked at Ten Thousand Commandments verify that government in the United States consumes 31% of the GDP, and that costs for Americans to comply with our own regulatory state is a mere $1.86 Trillion (over 10% of the economy)."Ouch.
Tuesday, July 22, 2014
Regulation
Putin criticized for burden of regulation, though Russia's burden of regulation is dwarfed by the US.
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