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Its web site says they're devoted -- liberating the entrepreneurial spirit.
Michael strong -- -- he's an entrepreneur himself and so -- his wife.
-- got weights you learned about this when you started -- a charter schools.
And indeed -- charter schools are designed to create innovation and public school problems system.
In the third year of operation our charter schools ranked 36 best school in this country.
But we -- sixth best in the country but we were New Mexico -- known for great education exactly exactly.
But we were constantly being attacked by -- regulators at one point the toilet.
-- holders were deemed to be six inches too low and they threaten to shut down the school this is a direct attack by the public school district.
They wanted to attack us of these -- the regulators on us to shut -- down.
He didn't have the right file folders in the -- at one point and an audit we were doing because there are certain number of file folders might have been eight I don't even remember we -- -- on an audit for nothing.
My god you run a skin care company -- a year from Senegal you -- you've seen.
-- -- in some ways I guess you could say it's a good part about America most of Africa is worse.
Yes I think it's very counter intuitive for most people when they think just in to make up room I was talking to the -- during -- make up.
And she was like oh really you're gonna talk about regulations in Africa I tend to think that there's not enough regulation maybe that's why it's it's a -- and -- it.
It's a whole opposite as a matter of fact we have so many regulations where -- -- where we're strangling being strangled.
Just starting a business is almost impossible.
With because you have to bright people -- to get a thousand permanent peace well let's just take groups a situation of Senegal you have.
At least 1012.
Different entities that you have to go to to get things done.
And at each level it's one more room for someone to -- Q so they can get bribes from you.
Which DNA test and arm and also the cost the cost out here in ten minutes I can set up an LLC.
I'm sitting in the comfort of New York State and I'm setting up an -- in Delaware Don within ten minutes.
The Delaware is the easiest Delaware being the easiest more and you know more more the more friendly to businesses and within ten minutes it's done it's.
-- almost straight to do it in Senegal you're talking months and months and months of operations.
Thousands of miles of going from office to office to office.
And a few thousand dollars to get things done not everybody can do that.
So one more modern accessible example of this.
What happened there.
-- with each day it.
France wanted to license it to as if it was a real auction are there's long life and things aren't they already existed in America they just -- -- -- -- it.
But France says you need to have a license as an auctioneer because it's an auction.
And it took much longer to get the eBay going in France because of this I was like -- three years of dispute exactly when you're starting a business you don't have time to America mess round eBay is now one of the largest economies on earth and how -- Every country have all these obstacles we might not heavy -- I would think you know extraordinary.
And -- -- assumption in America is that these regulations are needed to protect consumers from year.
And to protect us from the big business -- you say that's a -- In almost every case the big guys use regulation just keep the small guys -- they can afford the lawyers in the compliance departments.
And they're happy if that keeps small entrepreneurs like you -- Perhaps hurricane.
-- -- -- You know again I if I oftentimes fight with the IO.
Because of these the replica whom the -- know the international labor organization I -- a country.
Where it is literally literally impossible for me to fire an employee.
-- employees doing their job or not it is it it it's its it staff but come back into road to get freed up an employee who stealing from you -- not doing their Warrick.
And -- rock -- the even the yeah it's impossible.
This is because the labor unions have persuaded the government to pass laws saying.
If you fire someone you must show us this documentation owner yes -- you just fire the person they know it.
But laws are so complicated.
That it before you can fire and you -- you -- it's it's just it's it's almost impossible to fire anyone.
Legally speaking without having to pay without having to pay which is which raises the cost of doing business.
So result as I like to say if I can't fire you know I can't hire you it is that simple thank you -- -- and Michael.
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