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They’re avaricious bastards, it’s what they are. Huge, vast amounts of money flows through businesses and straight to landlords in London, strangling investment
by vr46 3y ago
They’re avaricious bastards, it’s what they are. Huge, vast amounts of money flows through businesses and straight to landlords in London, strangling investment in small businesses, their employees and the wider economy. Businesses with high margins, low inventory and low unskilled staffing costs win.
In Germany, I note that thousands of small businesses flourish that vanished from London’s streets - I have a choice of places to have a kitchen knife sharpened, for example - and while London holds vast opportunity, I fear that its breadth is severely constricted and whole areas of industry, skills and expertise are effectively extinct as the startup Capex is too high, and the Opex is vampiric.
- bombcar 3y agoIt's the definition of rent-seeking, literally. And it's hard to counter-act in high-density areas; without deliberate action everything becomes McDonalds or financial businesses.