This article comes from the WeChat public account: Economic Observer (ID: eeoobserver) , author: Chen Zhiwu, from the title figure: vision China
Finance is actually very simple
As mentioned earlier, the diversification momentum of domestic companies is very strong, and some challenges have slowly begun to appear. After all, everything can be earned during the period of brutal growth, and there is no way to distinguish between the advantages and disadvantages of strategy, but it will gradually become clear during the period of economic transformation. Today, we further discuss the topic of diversified models from the past experiences of other countries. It is not necessary to give conclusions about right and wrong, but more to compare the pros and cons, so that we can do specific analysis and in our own practice. Judgment. The purpose is still to enable us to understand business and see investment.
Why American companies have strong ability to withstand the crisis
The financial crisis of 2008 originated in the United States. It was originally expected that American society, especially American companies, would be the most affected. However, the real experience later was that in developed countries including Western Europe, Japan, and North America, the US economy was least affected and recovered from the crisis at the fastest rate. The reason for this is that, on the one hand, the US labor laws are the most liberal. Under the pressure of the crisis, many US companies have laid off workers quickly to reduce their weight, which has greatly reduced operating costs. However, the labor laws in France, Italy, and other Western European countries and Japan are very strict. The cost is extremely difficult and the process is long; on the other hand, in developed countries, American companies have the lightest tax burden, making them the most capable of coping with crises. In terms of fiscal taxation structure, the United States is an extreme. 65% of government tax revenue comes from individuals and households, and only 35% comes from enterprises, while China is at the other extreme. More than 85% of tax revenue comes from enterprises. Other countries are between these two extremes. The light tax burden undoubtedly made American companies the most resilient to crisis.