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The only thing business with shareholders wants is maximizing the profits. Besides, how are you going to IPO your start-up without traders involved? Capitalism
by CmonDev 13y ago
The only thing business with shareholders wants is maximizing the profits. Besides, how are you going to IPO your start-up without traders involved? Capitalism without trading sounds like communism without common property.
- pron 13y agoA stock exchange doesn't need traders. We all buy and sell things all the time without the help of traders. Retailers and importers provide, in their domain, a much more valuable service than traders do in theirs. We don't even need traders for traditional risk-reducing options trading for farmers and manufacturers. > The only thing business with shareholders wants is maximizing the profits. In the US, generally yes. In other countries (like Germany), businesses have other goals, like providing sustenance to workers.
- CmonDev 13y ago"like providing sustenance to workers." when enforced by government that is, in some countries you don't even have to pay tax.
- pron 13y agoThat government is elected by the people. It's not a foreign occupier. So I guess that the people of Germany have chosen to make businesses not just about maximizing profit.