• Welcome to the Cricket Web forums, one of the biggest forums in the world dedicated to cricket.

    You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join the Cricket Web community today!

    If you have any problems with the registration process or your account login, please contact us.

Value Added to Society by Idle Shareholders and Landlords

harsh.ag

Hall of Fame Member
Employees can leave their jobs can go elsewhere without losing much, and many times getting a better deal. There are shareholders who sell their shares after a 5% decline, thus encountering real losses and not just paper losses. There were many other shareholders of Kingfisher who must have lost money. Companies don't have single owners and limited liability is a good thing, it's invaluable. That India's economy sucked and there were few jobs to switch to wasn't Kingfisher's fault (though other things were their fault).

You can always look at things from another perspective - If being a shareholder and starting companies is so rewarding, why aren't these employees doing the same themselves?
 

Burgey

Request Your Custom Title Now!
The “you can go and get another/ better job any time” trope is more often than not a myth tbh.

If shareholders can’t cop a 5% decline in value (to use your example) without it causing them significant financial hardship, then they probably shouldn’t be investing tbh. That may sound tough, but fluctuations of that nature are part and parcel of investing and of the market. If you’re not in a position to ride out that sort of fluctuation then you probably shouldn’t have put that much of your Arthur Ashe into stocks.
 

weldone

Banned
Some people's idea of "freedom" go only as far as "This system gives you freedom to serve a separate master in order to stay alive."
 
Last edited:

weldone

Banned
Basically you want to go back to eating mud?

Because ****ing over anyone looking to start a business with a 50% interest loan is an absolute gem way to destroy small enterprise. And large enterprise.

Maybe in weldoneworld Wonga's business model failed because they were too lenient on the interest rates.
There are many people who are eager to grab high interest loans of high amount. A successful new business generally grows in multiples. Almost all the big new-world tech companies grew by more than 5 times per year in their first five years at the very least. When you are growing at 500% or 1000% rate, you shouldn't mind paying 50% interest. But you should mind someone ripping that 500% growth off you and paying you a fixed salary for your great work!

Who is going to earn this 50% interest.
Free market. In fact, the world of debt will open up like a floodgate when it becomes impossible to own a business just by paying money (and impossible to 'invest' in real estate). Banks, 'the-now-VCs', 'the-now-PEs', 'the-now-fund-managers', individuals - everyone will compete with each other in the market. You'll take a loan from someone who offers you 37% interest rather than someone who offers you 38%.
 
Last edited:

cpr

International Coach
There are many people who are eager to grab high interest loans of high amount. A successful new business generally grows in multiples. Almost all the big new-world tech companies grew by more than 5 times per year in their first five years at the very least. When you are growing at 500% or 1000% rate, you shouldn't mind paying 50% interest. But you should mind someone ripping that 500% growth off you and paying you a fixed salary for your great work!

I mean, lovely n all. But the vast majority of new start-ups aren't tech companies, infact they are small businesses with a single starter using a huge percentage of their own capita - literally sinking all into business. Those companies don't grow at 5 times per year at all. Infact many will never even try to grow beyond the confines of their current location, and others may only grow to cover a small area. Yet pretty much all of them are dependant on raising finance through business loans to start up, and 50% interest loans would absolutely end small/medium enterprise.
 

Burgey

Request Your Custom Title Now!
The vast majority of small businesses fail within 3-5 years, and that's without anything like 50% interest loans attached to them FMD, 50%. That's usury.
 

cpr

International Coach
Free market. In fact, the world of debt will open up like a floodgate when it becomes impossible to own a business just by paying money (and impossible to 'invest' in real estate). Banks, 'the-now-VCs', 'the-now-PEs', 'the-now-fund-managers', individuals - everyone will compete with each other in the market. You'll take a loan from someone who offers you 37% interest rather than someone who offers you 38%.
Given that the caveats for defaulting on these loans would be repossession of businesses, this is literally just moving the risk (and reward) of business investment from the individual to the banking sector. All you're advocating is big finance companies having a cartel on business ownership
 

TNT

Banned
Free market. In fact, the world of debt will open up like a floodgate when it becomes impossible to own a business just by paying money (and impossible to 'invest' in real estate). Banks, 'the-now-VCs', 'the-now-PEs', 'the-now-fund-managers', individuals - everyone will compete with each other in the market. You'll take a loan from someone who offers you 37% interest rather than someone who offers you 38%.
Then landlords will invest their money in markets where they can charge 50% interest and move out of the rental market.
 

harsh.ag

Hall of Fame Member
The “you can go and get another/ better job any time” trope is more often than not a myth tbh.
easy as pie huh?
Some people's idea of "freedom" go only as far as "This system gives you freedom to serve a separate master in order to stay alive."
If the masters' jobs are so easy and good and rewarding when compared to their employees, the employees should go ahead and create businesses and companies of their own. They must be really stupid for not doing that.

'A' works, but 'B' takes the benefits, Govt then taxes 'B' and distributes the tax proceeds between 'A', 'B' and 'C'?

No thanks.
Poor countries have no shortage of people who "work". That's not what drives prosperity.
 

Ausage

Cricketer Of The Year
If the masters' jobs are so easy and good and rewarding when compared to their employees, the employees should go ahead and create businesses and companies of their own. They must be really stupid for not doing that.
As long as those businesses aren't planning to do something abhorrent like offering capital at interest rates lower than 50% ofc.
 

Burgey

Request Your Custom Title Now!
Can't believe such a person has been empowered to pass judgment on multi-award winning CW posters who are universally held in the highest regard. by every forum member.
 

Top