From the conclusion of the latest indispensable contribution by Jerome a Paris over at EuroTrib:
Europe has better government, and is not shy about imposing rules on corporations. And despite this (or maybe, thanks to this), it is attractive enough that corporations want to do business in the EU and thus follow the EU rules. And the good news for them is that once they follow EU rules, they pretty much follow the rules everywhere else... This is not the race to the bottom, it's the opposite. And it comes from a public body acting for the common good. Government in action.
Government is the opposite of money. Bad money chases good money. Good government chases bad government. Because we all need -- corporates included -- good government. But you won't get good government in places where government is considered useless or a waste of money and resources, or a private fiefdom to be abused for personal gain. You get good government when you actually admit that you need it, and when you're actually willing to pay for it. Good government is Europe's competitive advantage.
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