CEO of Coca-Cola Says China Friendlier to Businesses Than the US!

By TIM MAK, Politico

The United States is becoming less business-friendly than China, Coca-Cola’s CEO said Tuesday, citing what he saw as political paralysis and a flawed tax structure.

Coke CEO Muhtar Kent told the Financial Times that U.S. states don’t fight one another for investment opportunities, while Chinese provinces clamor to compete for foreign investments. “In the West, we’re forgetting what really worked 20 years ago. In China and other markets around the world, you see the kind of attention to detail about how business works and how business creates employment,” he said.

Kent said that gridlock in Washington was worsening at exactly the wrong time. “When a country is in trouble, you can’t have a polarized political process,” he said. “There’s too much comfort. We need more needles to stick in politicians.”