In the latest issue of Forbes Richard Karlgaard lets us know that the word “entrepreneurs” comes from France. So perhaps fittingly the high levels of red-tape in France are to blame for the improved London dinning scene:
“In Germany business startups need approval from the government, and the process takes months or years. French startups are choked by paperwork, which is why a generation of French restaurant entrepreneurs has decamped to London.”
Of course, he also discusses the importance of reasonable taxes, the rule of law, flexible labor markets and such...
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