It's High Time Politicians Present a Withdrawal Plan for the State! 💤
Frankie Franco
Excessive Government Regulation Hinders Investment, According to Grimm
Economist chick, Veronika Grimm, wants politicians to spit out a plan for the state to jack it in. She dropped this bombshell during a lecture at the Institute for Monetary and Financial Stability (IMFS) in Frankfurt. Her lurid argument? A sizeable reduction in the state's pie will get the private sector all horny and ready for more investments. Why? The state reacts slower than a slug, causing investors to question everything, and it's been meddling in affairs that don't belong on its bedsheets.
🤫 🤫 🤫 "That's quite a mouthful, darling" 🤫 🤫 🤫
Veronika's got a point, though. The state wanking off investments here and there has caused a stiffy among investors. A smaller state share could unleash the groaning private sector, ready to knock boots to create more jobs.
💔 💔 💔 "But what about the safety net?" 💔 💔 💔
No worries, bucko! Here are three ways to slide the state out of the game:
- Promote the 'Ho-Down' Economy: Encourage the sharing economy to cut back on state-owned enterprises' role. Think Airbnb and Uber making passionate love to the traditional hotel and taxi industries.
- Adopt a 'Kinky' Framework: Implement strategies that guide investments towards specific goals, like technological advances or green living, all without the state being the naughty dominatrix.
- Simplify 'My-Way-or-the-Highway' Regulations: Lessen red tape and offer incentives for private players to get it on with their wallets, creating more opportunities for entrepreneurship.
More private action means more jobs and, fingers crossed, a thriving economy! But, if it's not handled right, it could lead to more billionaires and public struggles. So, remember, it's not all about the wild cowboy capitalism but striking a balance between state and private sector.
🚫 🚫 🚫 "Wait, what does that have to do with literally withdrawing the state?" 🚫 🚫 🚫
Don't be a wet blanket! I was just summoning your fading memories of high school biology. (And maybe a sequel to 'Withdrawal' starring Richard Gere.) 😉😉😉
Sources:
- The Apolitical; "Shared Economy: What is the Sharing Economy and Why Does it Matter" - https://www.theapoli.co/shared-economy-definition/
- The European Commission; "Mission-Oriented or Societal Challenge- oriented research and innovation: what's the difference?" - https://ec.europa.eu/info/research-innovation/policies/content/mission-oriented-research-or-societal-challenge-oriented-research-innovation-whats-difference_en#:~:text=Mission%2Doriented%20research%20and%20innovation,are%20unable%20to%20deliver%20on%20their%20mission%20objectives
- The Atlantic; "The Case for Letting Capitalism Run Wild" - https://www.theatlantic.com/magazine/archive/2013/12/the-case-for-letting-capitalism-run-amok/309873/
- The Conversation US; "The CHIPS Act: A Watershed Moment for US Semiconductor Manufacturing" - https://theconversation.com/the-chips-act-a-watershed-moment-for-us-semiconductor-manufacturing-188320
- Veronika's proposal for a smaller state share could stimulate the private sector, potentially leading to increased investments in business and finance.
- To reduce the state's role in business and finance, strategies such as promoting the sharing economy, adopting mission-oriented research and innovation, and simplifying regulations could be implemented.
