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g. It has rather become a coolness quotient or a status symb tpackzf - hflmdocx - 20.07.2013 06:02

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ghd sale But how on earth can something as basic as good quality pioneers of industry disappear in one generation when they sprung from the fertile soil of rampant opportunities and high level competition only a couple of decades ago. The swing of the sixties and seventies – the abundance of ever growing new channels of The build up to this generation of generally very mediocre political and banking axis of power, has done much to exterminate the small and medium sized employers who have always been the nesting grounds of the hard hitting, innovative and successful wealth creators. Despite the examples underlined by the great western economies and the “nation of shopkeepers” that kept Britain in credit for generations, little has been learnt- and always because the bureaucratic influence over politicians has grown in direct proportion to the levels of intelligence of the latter. Instead, politicians, bankers and top level bureaucrats envious of the images that the successful businessmen create in the popular and glossy press, have attempted shamelessly to ape them without that necessary spark that often derives from circumstances and conditions very absent in the easy monies that pour into Government coffers. Where challenge becomes need in private hands, the politicians with subsidies, indirect banking support and often manipulated imagery aimed at stock exchange results, create their state monopolies and corruptive opportunities for their allies and families – not to mention personal rewards the likes of which very few entrepreneurs are likely to see in the first ten years of their exploits. Hitherto, monopolies had always been the subject of investigation of the monopolies commissions. Today they become part of the oppressive government systems with behind the scenes ” laissez faire” fiscal privileges prove to serve little purpose in a welfare state under pressure. Checking the shelves of the mass consumption consumer products and services, it is not difficult to see just how much of the sameness betray similar hands. In some European countries (and to the outright detriment of the consumer and economy) , as much as 60% of retail products for want of further visibility, come under one, disguised, umbrella company. In one country and least, an economist willing to expose, was threatened with respect to the issue. Bureaucrats in the form of every conceivable tax, inspectorate and downtalk, have over the past decades and in particular in socialist states, done a great deal to destroy employment in this way. Faced with such an unlikely environment where cash flow in the absence of traditional banking facilities turns the whole process of employment and growth into a nightmare, there is every tendency to close down never to employ again. Entrepreneurs instinctively share the blatant mutual disgust with politicians and bureaucrats who stifle the excitement of growth and crush the early shoots that show the promise of the milliards of jobs that will ensue. Depressive paperwork brings the State into the business, whilst contributing nothing but demands on time and profits even if they are not there to provide. This alone, often kills the desire to continue with the hard, but enjoyable task each project creator in the labour market feels at the onset. It is difficult under the socialistic and mistaken ideologies that have crept into the worst of the sinning countries to envisage any form of growth in this respect whilst the bureaucracy that grew in them remain in place. However much effort comes in from subsequently more enlightened and clearer minded governments, only the painful dismantling of the elaborate, hugely expensive and generally wasteful hierarchy of the civil service can bring the entrepreneur back. North America is a case in point where the innovation investment culture is admired and full banking facilities are demanded by canny governments. The entrepreneur is an economic artist and this capability to drive nations into the frontline of economic growth is behind most of the enterprises that later take wing or inspire others to do so. The pioneering spirit which inexplicably surges in some societies unpredictably is a fragile element which requires full government and banking support as it did in the heyday of the 7O´s in Northern Europe. It needs a license to grow with all the benefits that can be bestowed on it before it can take root in the present sterility of today´s economic conditions. Just looking back at the days of great growth with a typical unsecured overdraft that was flexible and inexpensive, it is not difficult to see just how many new industries and innovative products created employment to the point of having to import labour in the Northern countries. The bank manager was a member of the team and long chats over lunch and at home provided that essential element that provided all the encouragement needed. I t was only when the banking world discovered the taste of the lucrative risk factor within the stock market and meddled in the world of company launches, stock portfolios and mergers that the entrepreneur ceased to become useful to them. Today that alleyway that has ridden roughshod over enshrined principles like share pushing and dumping has broken every rule and many banking systems where mechanics have taken over from sensible deliberation, faced the horror of overnight collapse. Unfortunately, as always, at the expense of the defenseless, small investor.


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