This is Why Economies Die

Or never flourish to begin with. The antithesis of a vibrant progressive economy.

A 43 year wait for permits to build a super-market. if we want a growing economy and prosperity, should we encourage more of this, or less?

Can Italy Find Its Way? Resistance to Change Means Slow Recover: “FLORENCE— Bernardo Caprotti was a 45-year-old entrepreneur when he agreed to buy a suburban plot of land for a new supermarket.

Building permits recently came through. He’s now 88. His Milan-based retail chain, Esselunga SpA, had grappled since 1971 with local bureaucrats who raised shifting concerns about traffic volumes, architectural suitability and proximity to a medieval monastery.

‘It has become so difficult and complicated to do business in Italy,’ Mr. Caprotti said in an interview. “Italy can’t go on like this. Either we change or we go nowhere.”

Mr. Caprotti’s wait to open a store is a small symbol of a persistent problem for Italy. Like some other European countries, it has struggled to change and grow its economy fast enough to shake off a long debt crisis.

Entrenched interests and hardened habits have accumulated in Europe over decades, slowing once-dynamic economies to a crawl, and are now proving difficult to overcome. From bureaucrats to businesses, unions to pensioners, interest groups vigorously defend the status quo, even when it leaves no one satisfied.”