Somalia has the worst ''Ease of doing business'' score

[Tukraq]

Free market doesn't work without regulation. Don't be a lolbertarian.

a bussiness dream scenario is no regulations, they are also not taxed in somalia, profit potential is high especially if your a big dog bussiness, reminds me of america in the robber barrons days

 

[Apollo]

a bussiness dream scenario is no regulations, they are also not taxed in somalia, profit potential is high especially if your a big dog bussiness, reminds me of america in the robber barrons days

The best countries are mixed economies (with some government control). Too little regulation and you get stuff like the Mafia and warlords completely destroying the free market (see the Mezzogiorno & Somalia).

 

[Tukraq]

The best countries are mixed economies (with some government control). Too little regulation and you get stuff like the Mafia and warlords completely destroying the free market (see the Mezzogiorno & Somalia).

best for who? if were talking for bussiness theyre the best, if were talking for the people theyre the worst which is why you try and find a middle ground, america was the same during the robber barron days than FDR was elected and brought regulations and protections, this was worse for the bussiness men but better for the people

 

[Apollo]

best for who? if were talking for bussiness theyre the best, if were talking for the people theyre the worst which is why you try and find a middle ground, america was the same during the robber barron days than FDR was elected and brought regulations and protections, this was worse for the bussiness men but better for the people

Name one successful modern economy with such a thug life economic system, lol. It doesn't exist.

 

[Tukraq]

Name one successful modern economy with such a thug life economic system, lol. It doesn't exist.

i already mentioned pre FDR america, also a succesful economy isnt always best for bussiness men, they would rather a less successful one if they got less regulations cheaper labour and monopoly of a market, this is why americas richest bussinesses and bussiness men all came pre regulations, like i said thats best for bussiness men its not one you would want to live in as a regular citizen though

 

[Crow]

This measures ease of doing business for foreigners. If you're a local, it's not that hard.

 

[Apollo]

This measures ease of doing business for foreigners. If you're a local, it's not that hard.

Bro, you are coping.

 

[Waaqo of Punt]

Rwanda is a country with great potential...too bad they're located in a shit neighbourhood with Ebola infested DRC next door.

Yeah Rwandans keep moving forward and developing. Their president is prob of the best the continent has seen in a long time.

 

[Waaqo of Punt]

Afwerki is a socialist/Commie retard, the bastard is holding Eritrea hostage.

The country doesn't even have a National/flag carrier, it's an embarrassment.

If only Eritrea had a Right-Wing Nationalist leader like Park Chung-Hee or Erdogan.

Afwerki is the definition of a communist dictator. Maybe better than Stalin :siilaanyolaugh:

If Eritrea had a Mussolini they'd be a very important country in EA with access to the Red Sea and untapped gold mines. I heard from Eris than in the past the gov took any gold from locals.

 

[SOMALI GENERAL]

Afwerki is the definition of a communist dictator. Maybe better than Stalin :siilaanyolaugh:

If Eritrea had a Mussolini they'd be a very important country in EA with access to the Red Sea and untapped gold mines. I heard from Eris than in the past the gov took any gold from locals.

Amazing how the Eritreans have put up with the stupidity of that commie for years.

 

[Waaqo of Punt]

Amazing how the Eritreans have put up with the stupidity of that commie for years.

Eritrea is weird. U can live a nice life in Asmara or Massawa if u got money and it's really safe. Yet phone calls and internet is tapped by gov, u don't have proper ID unless u do infinite military service, only one newspaper (controlled by gov) and people disappear without a trace. It's a dystopian nation.

Eritreans should just set up a coup or infiltrate gov and do some 007 shit.

 

[SOMALI GENERAL]

Eritrea is weird. U can live a nice life in Asmara or Massawa if u got money and it's really safe. Yet phone calls and internet is tapped by gov, u don't have proper ID unless u do infinite military service, only one newspaper (controlled by gov) and people disappear without a trace. It's a dystopian nation.

Eritreans should just set up a coup or infiltrate gov and do some 007 shit.

Eritreans should have that "now or never" mindset of the Algerians & start pro-Nationalist massive protests until Afwerki & his regime steps down & are completely removed from power .

 

[kickz]

El Kabob taxes are no joke

 

[Tukraq]

This measures ease of doing business for foreigners. If you're a local, it's not that hard.

exactly if your a local its the easiest in the world, no paper work, no taxes no rules or regulations anything goes

 

[Sol]

I have a nagging feeling that they put Somalia on the extreme end of the spectrum for every single one of these maps regardless of what it's about just because they have no data to use from there and instead of leaving the country blank they go with this option but hey I could be wrong

 

[The alchemist]

exactly if your a local its the easiest in the world, no paper work, no taxes no rules or regulations anything goes

"As it has been historically stigmatized, policy perspectives viewed the informal sector as disruptive to the national economy and a hindrance to development. The justifications for such criticisms include viewing the informal economy as a fraudulent activity that results in a loss of revenue from taxes, weakens unions, creates unfair competition, leads to a loss of regulatory control on the government's part, reduces observance of health and safety standards, and reduces the availability of employment benefits and rights. These characteristics have led to many nations pursuing a policy of deterrence with strict regulation and punitive procedures."

 

[Degmada waaberi]

exactly if your a local its the easiest in the world, no paper work, no taxes no rules or regulations anything goes

Sxb you're forgetting al sheydaan who tax business so I don't see how people can succeed in an environment like that knowing your money is being used to kill innocent people

If one has a thriving business then he/she is going to have to share their earning with al sheydaan if their refuse then it's noolasha ka quuso

 

[Ras]

I'd rather prefer a lower number since this is mostly targeted at advertising the country to foreign investors.

However atm it sucks for even locals to startup a business.

No transparency on taxes and fees required. Some industries are totally blocked.

Try opening a Telco and you'll find out how corrupt our system is.

 

[Timo Jareer and proud]

When your country is not even recognized on the map...

 

[Tukraq]

"As it has been historically stigmatized, policy perspectives viewed the informal sector as disruptive to the national economy and a hindrance to development. The justifications for such criticisms include viewing the informal economy as a fraudulent activity that results in a loss of revenue from taxes, weakens unions, creates unfair competition, leads to a loss of regulatory control on the government's part, reduces observance of health and safety standards, and reduces the availability of employment benefits and rights. These characteristics have led to many nations pursuing a policy of deterrence with strict regulation and punitive procedures."

yeah regulations are obviously better for the countries as a whole to protect the workers and environment but its not better for business men which is why the push and lobby to lessen regulations, regulations are better for everyone else though