High-GDP Western countries that loudly champion entrepreneurship are in practice among the least entrepreneurial societies because prohibitively high real estate and rent costs raise barriers to entry; in lower-cost developing or middle-income countries, low rents make it feasible to start small businesses, pay workers less while also charging less and serving more customers.
causalpending
Speaker
John RapleyEvidence Quote
“part of the reason their pay is so much less is because the cost of living so much less... the shop premises they have to rent to run a business costs a sixth”
Source
Rich Countries Are the Most Likely to COLLAPSE | Aaron Bastani Meets John Rapley— Novara MediaCreated: 6/18/2026, 1:57:52 PM
My Notes
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