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Entrepreneurs, it has been said so many times over the past 30 years, create wealth. Right this minute, the foolish government is sitting around, waiting with bated breath, for glamorous entrepreneurs to get on with doing just that. But there are no signs that a great boom in business ingenuity is on its way.
So why are entrepreneurs being so shy? Don't they want to create wealth? They probably do. But the fact is this: the entire entrepreneurs-create-wealth thing is a fallacy, and continue
the government is wrong to place its faith in it. Entrepreneurs don't create wealth. Banks create wealth, only banks. If you wonder why politicians seem so powerless to "rein them in", then wonder no more. It is for this simple reason: banks have a monopoly on wealth creation.
Originally posted by Schkeptick
Huh. So is this why our last two presidents have been bent on taking over the banking industry? If the government runs the bank the debt won't matter?
Sounds pretty bass-ackwards to me.
Originally posted by MIDNIGHTSUN
Forget entrepreneurs, only banks can create wealth
Originally posted by On the level
So I work at the main Chamber of Commerce in Scotland as a high growth business adviser, over the last two years 95% of my companies have commercialised with turnovers ranging from £150k to £12.5 million a year. Worked with around 200+ high growth companies. Riddle me this how are these entrepreneurs not making money. I think your argument is flawed and before you argue that the banks have funded them, banks dont fund R&D so the majority are either self funded, use government grants and seed and co investment funding or private investors that are normally entrepreneurs that have made their own money and look to reinvest it into exciting businesses. Banks make money off of businesses, without the businesses the banks would be knackered.