I have now spent two consecutive days at separate conferences concerning the state of the competitiveness of US Capital Markets. I already knew this, but is there anything the business community won't complain about? At today's conference I imagined a scenario where the government gave each business in the US a million dollars (in addition to the subsidies already granted to business) and the business community complains that they didn't receive two million dollars.
They desperately want to "rethink" Sarbanes-Oxley (or SOX, as I have come to know it). After all, there aren't any problems in business anymore. They're all honest now. Also, corporate revenue now constitutes 8% of GDP, as opposed to the 4-6% of GDP it has been for the last 4 decades or so. Yeah, things are tough.
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