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| Authored by: luvr on Friday, September 14 2012 @ 05:52 AM EDT |
“It's an entrepreneur's fondest dream: a company with no
employees.”
Not only with no employees, but
with no customers either! Just imagine—running a successful
company without any need for the two most annoying and irritating classes of
people involved! [ Reply to This | Parent | # ]
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| Authored by: marcosdumay on Friday, September 14 2012 @ 10:13 AM EDT |
What happens is path dependent.
Assuming one can create and distribute actual goods without employees too
(otherwise we'd just all die os starvation - including lawyers), it all depends
on how property is distributed.[ Reply to This | Parent | # ]
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| Authored by: Anonymous on Friday, September 14 2012 @ 04:48 PM EDT |
Money is basically a certificate traded for value. A company gives me money in
trade for the value of the work I do; I in turn give some to the grocery store
for the value of the food my family needs, and most of the rest of it to the
hospital for the value of my wife's medical care.
I'm sure you have plenty of experience to see how that all works.
Now imagine a lot of money starts sinking into places where it did not
participate in a "for value" exchange. It damages the value of the
money - except, all money looks the same. The damage is buffered, but
widespread. The dollars in my pocket didn't become valueless, but they don't
have quite as much strength at the grocery store. Why? Because the store, like
everything else in the economy, is effected by the trickle-down - all the value
they have had to be paid for, and then a little more had to be paid to take care
of that leak where the money is going but not buying any value.
The hospital is doing the same thing; as is the gas station, the toy store, the
car dealership...
Now, what happens if there is a whole economy based on money people didn't work
for?
We have, unfortunately, a quite a case study: Mexico. A lot of people who should
be the "work force" have left; a lot of the money coming in is sent
back by those people to their families. While I'm sure there are varying
opinions on cause and effect, and I'm not out to start a flameup - those two
simple facts are not in dispute, nor is the fact that Mexico is plagued with
horrendous social ills. I will go no further than stating that it is my opinion
that there is a causative relationship at work.[ Reply to This | Parent | # ]
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