It works well enough to be the only legal way of dealing with them in most of EU, and the consequences of mishandling are no doubt more severe with high explosive than simply “can cause underground fire”.
Yeah, they have a different system. In broad outline, there are classes of weapons (generally four -- classes A, B, C and D -- with subclasses within them) and then courses and certificates required for each class of weapon. For example, an AR-15 might be class C2 -- so it does requires a lot of course work -- but usually it's not banned.
It's actually interesting to met that, in the American discourse, we never discourse an EU-style classification system. Whenever people in the US propose new gun regulation, it always a maximalist approach -- banning the AR-15 completely.
I'm not aware of any US states that have a graded A, B, C, D system with courses and qualifications -- instead, they just ban everything that might be in a European B or C classification. This is how the old federal AWB worked, as well -- it didn't say, you can purchase an AR-15 if you take certain classes, it said you just can't buy it at all.
The European system, broadly speaking, is not like that.
There are federal classes for dealers and manufacturers -- manufacturers of silencers, of automatic weapons, of missiles and rockets, &c, and dealers of these articles -- but that also is not like the European classification system I am talking about, which is for end users.
The NFA, which does apply special regulation to silencers, short-barreled rifles and some other items, which allows them to be owned by end users, and that is kind of similar but there is a real difference: you file for a tax stamp and wait for a background check to complete, without having to worry about taking a particular course and getting a certain grade.
Speech, in both the EU and the US is free under the limits set by law, the US isn't an “absolute free speech land”, you will definitely be jailed for speech that goes against the law (for instance death threats, see [1]).
> equity compensation...
What are you talking about, I've been given equity more than once…