"He doesn't employ and invest capital in the U.S. He does that in China or somewhere else in the world where the regulatory environment is more favorable." - in CNBC
Saturday, October 15, 2011
Our restrictive regulatory policies curtail any initiative by the small businessman
Marc Faber : "We have expansionary fiscal policies, we have expansionary monetary policies but we have restrictive regulatory policies and it curtails any initiative by the small businessman and the large businessman,"
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Many years ago I owned a factory in California making home fragrance products. I was so much harassed by regulators, that we ended up bankrupt, and I moved to Thailand permanently to live and work. I will never again think to open any thing in the USA.
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