To Encourage Small Business, Learn from Europe

It probably won't surprise you to learn 61 percent of Americans say they would prefer self-employment to working for someone else, a higher share than in 25 European countries, according to the most recent data available from the EU Flash Eurobarometer Entrepreneurship Survey. But it will likely surprise you to learn small business is a bigger part of the economy of most European nations than our own. Could American policymakers learn anything about improving small business support from Europe, which the media tell us is a place of high taxes, exorbitant public-sector spending, and, lately, poor economic management? Based on the data, I say yes.

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