Business Adventures (John Brooks, 1969)

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  • 1955: year of automobile.
  • 1959: Ford suffered losses in automobile sales as their car isn't suited for general market salary range. Appropriate market understanding is a must.
  • Increment of tax rate may result in drop of tax revenue. Tax is only effective when there are many wage and salary worker.
    • The rich will try to avoid tax by setting up pension plans and tax-free foundations.
  • Information is crucial to the securities market (e.g. politician health).
    • State material therefore cannot be disclose frivolously.
  • The weakness of unchecked currency is devaluation.
Why cryptocurrency will not work?
  1. As the above statement on decentralisation, the currency will weaken along the way with rampant behaviour.
  2. It is too complicated and in order for it to work effectively, many layers have to be in place (e.g. additional blockchain to ease the main cryptocurrency and other blockchains to facility faster confirmation).
  3. It is like a country with many fractions versus an incumbent party. As long as everyone has their own idealogy or desire to be the sole ruler, they will never unite and there lack the capability against the mainstream.

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