Why is the western world turning to venture capitalists?
I have previously pointed out that current economics is out-dated, much to the annoyance of economic graduates. The point is that accountants, economists and solicitors are society parasites. You need civil engineers(electrical, mechanical and 'civil'), theologians and philosophers to push society forwards. Why do we put up with a bunch of people who arte out fo themselves?
Economics - 4 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
greed
Answer 2 :
The credit crunch is proving that the banks loose loans and credit application approvals are coming back to bite them..
Answer 3 :
Nothing will be manufactured without money. Therefore the need for ventured capitalists.....no matter what you invent. If it isnt developed, manufactured and marketed, the greatest gizmo in the world is going sit there like a bump on a log.
Answer 4 :
But civil engineers and theologians rarely have the interest it takes, including self-interest to: find an idea to make money; assemble the resource owners , the capital owners , and the employees who are willing to join them in an enterprise that the latter groups think will maximize their satisfaction with their contributions. The people who contribute money or resources or labor face the loss of their investment if the venture fails. For employees that means they probably gave up a job to join the new venture and face unemployment as well as the benefits had they stayed where they were previously employed. Philosophers and theologians rarely like to take risks to see if their ideas have real world merit. And many engineers are venture capitalists or get help from venture capitalists. These bright engineers must be smart enough to need the help.
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