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Notes -
For indie games, ya absolutely they'll stop doing business once a few of them get burned.
I think it’s just a question of regulations not having had serious consequences for most people (in Europe and elsewhere).
Fortunately, though, the Americans don’t seem to be too fond of Euro-taxes, so as long as you don’t set foot in Europe or open non-Swiss bank accounts…
Most regulations don't have obvious effects. But the cumulative effects are glaring. The living standards in Europe are lower than most US states. They have a permanent unemployment rate that is about double the US. European citizens that manage to move to the US can immediately get large increases in their effective base salaries. In addition to enjoying lower tax rates.
note that (over)regulation is not the only thing causing such results
I would bet on over regulation being most of the cause of the unemployment rates. General over regulation for many decades slowing down their economy to make them overall poorer. And a generous welfare state for the high taxes.
"most" is likely overstating things unless you count taxes as part of regulations. There are also other reasons.
40% for regulation, 30% for taxes, 30% for literally everything else is likely still giving too much credit for regulation.
Some countries in Europe have made it basically impossible to fire people for periods of time. France is a notable example. How cautious would you be in hiring someone if it meant basically hiring them for multiple years past when you want to fire them?
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