> For the other "business falling apart", maybe they consider it’s part of the business owner’s responsibility to make sound business decisions when involving someone else’s livelihood. Just like when leasing a shop or taking on a loan.
What about running a tech startup with high chance of failure? Ever considered why they seem to be few and far between in EU?
Yes, naturally such a system is biased towards high accountability and high trust industries. Industries which thrive on minimal accountability and trust won't function very well. Personally, I think that's a good thing overall. The problem comes in when other countries don't operate this way, so those businesses can just go there (and take your talent with you, i.e. brain drain).
What about running a tech startup with high chance of failure? Ever considered why they seem to be few and far between in EU?