Posted by l-one-lone 21 hours ago
If you try to sell to China, Australia, UUSS and Colombia and Russia for example, you also need to comply with the regulations of each of those countries (and pay Tarifs in some).
To ease the collaboration between humans the European Union was created. But the European Union is not a country. Is the earth only collection of countries that agree to collaborate together to levels no other countries have in the world History.
It's success is so big, that people expects to act as an independent country, and complain when discovering Europe is indeed several countries. WTF!
Most systems like the EU don't work well after a certain size. I don't know if we can say whether the EU has reached the point where it's unworkable yet.
If you focus only on economic exploitation: Of course, with customer protection, companies can't do whatever they want. Of course business will develop less in comparison to countries where companies are free to do whatever.
I joined a major cryptocurrency project, saw its market cap briefly increase to $4 billion. I worked on it like crazy for 2 years whilst, unbeknownst to me, the founders began to sabotage their own project and ensure that it would slip out of the CMC rankings; I believe this was done to lower their public profile (and reduce scrutiny). But it all happened under the watchful, approving eyes of EU regulators. Also, the founders of that project defamed me and my team with outright lies to sabotage my spin-off project when we worked to improve the tech independently. I also witnessed other crypto projects which I knew to be scams receive funding from the EU commission, then the same founders raised money again after running the previous project into the ground with nothing to show.