3 Encouraging new start-ups, convincing existing entrepreneurs to expand their firms by separating them from the founding family’s fortunes, rewarding courage and inventiveness, and discouraging rents: these are the priorities of economic policy in Italy today.
Reforming the bloated fiscal and legislative systems and unravelling the tangle of red tape that litters the path of entrepreneurs would enable Italy to move up several places in the global Doing Business rankings and spark a virtuous circle between favourable expectations that then become self-fulfilling; it would free the energies that this country still has in abundance.