Quote:
Originally Posted by Paul Markham
Businesses are closing because a large section of the population doesn't have enough disposable cash.
How many memberships has the bank crash cost you?
There comes a point where the money is so concentrated among so few, it hurts an economy.
The root problem is Population v GDP is going in the wrong direction with a tiny % getting all the growth. Fewer people lead to more sharing more. and spending more. A billionaire only needs 1 membership to jerk off, 1,000 millionaires need 1,000 memberships. Just an example of how money circulates.
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The billionaire normally creates the jobs that allow 1000 people to buy memberships. When you make it unprofitable for the billionaire to keep helping to provide those 1000 memberships they close shop. Thus you just lost 1000 memberships.
Businesses are closing because the climate to make money is more difficult. Normally the climate is put in place by idiotic government policy that makes it to hard to operate. There is more wealth in the world then ever. Wealth is not a 1 sum game.
Im always surprised when "business" people talk like this. Well im not because youre opinions are not ones a real businesan makes. Or a successful one anyway.