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(Hyper-)Capitalism for you again... What would be wrong in building a life-long business that sells and installs solar panels and has normal margin on each sale
by alluro2 3y ago
(Hyper-)Capitalism for you again... What would be wrong in building a life-long business that sells and installs solar panels and has normal margin on each sale/installation, without the crazy financial "products", companies themselves running on investor money, chasing huge growth and all beautiful things current way of doing business involves?
It's like everybody is racing to the top, while being in a landslide going to the bottom.
- kragen 3y agoyour customers would buy from a 'cheaper' vendor who extends them credit instead
- alluro2 3y agoI don't think it should be allowed for companies to provide financial products such as credit. That's bank domain, heavily regulated and with good protections for both parties.
- kragen 3y agoyou probably don't know this if you haven't run a company or done accounting, but basically all b2b transactions are on credit, and that's been the case for at least 5000 years they've also been common for b2c transactions for at least the majority of that time, especially when dealing with consumers with limited cash flow