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Richard Roskell's avatar

The first speaker at the meeting spoke about a issue close to my heart: bureaucratic obstacles to entrepreneurship.

In order to support a healthy and prosperous middle class it is essential to foster the start and growth of small businesses. But too often (certainly in Western countries and it appears in Russia as well) creating a new business is burdened by a lot of government red tape. This stifles creativity and raises unnecessary costs.

We tend to think of big companies as the ones that provide the most employment, because those enterprises may have tens of thousands of employees. But the number of those companies is relatively small. In my home country almost half of the employment is generated by small businesses. (<100 employees.)

Every big and successful company began its life as a small one. By making it relatively easy to start a business, governments support a huge sector of the economy while creating the conditions necessary for a company to grow.

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Gerrard White's avatar

Thank you Karl - another exhaustive report on the inexhaustible VVP

There must have been some reason for VVP to not go to meet Xi - perhaps there really is not a great deal to say about Syria, or at least not yet, and no need to feed the westie MSM 'Crisis in Peking'

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