Free market economies have had enormous success globally and have created more wealth and prosperity than any other economic system. Low taxes, fewer regulations and barriers to entry for business investment and development are key.
Unfortunately, Romania does not have a real free market economy. Changing tax laws, unpredictable restrictive regulations on business and a distrust that the judicial system is truly independent makes many foreign investors shy away. Unfortunately, Romania also has over a thousand state owned companies which create an enormous burden that is becoming more and more difficult to overcome to allow Romania to prosper.
Citește și: Nu ne putem permite să lăsăm Ucraina să piardă!
Romania’s current 20 billion RON budget gap is a direct consequence of this. Cutting pensions and increasing taxes may raise some additional revenues in the short term, but will be counterproductive in the long term. Romania’s economy…