A very interesting follow-up to an insightful post. I think the answer might lie in why the american business culture is more efficient in the first place.
I believe american business is more fluid, allowing for better arbitrage opportunities that ultimately leads to better arbitrage abilities for its actors.
More law and protection has the same effect as more code: it slows things down because it increases dramatically the amount of requirements you have to contend with. A double edged sword indeed!
I believe american business is more fluid, allowing for better arbitrage opportunities that ultimately leads to better arbitrage abilities for its actors.
More law and protection has the same effect as more code: it slows things down because it increases dramatically the amount of requirements you have to contend with. A double edged sword indeed!