Business Boy

My business interests revolve around the allocation of private capital; this is precisely the sort of businesses that lower prices, improve or provide customer service and enhance the quality or variety of products or services on offer.

The allocation of private capital is important, individuals are constantly looking to get more for their money. This is the reason why businesses are continually looking for ways to increase their efficiency. This theory is explained below;


"A) You can spend your money on yourself, in which case you will strive for a mix of the best bargain and the best quality. B) You can spend your money on someone else, in which case you are still interested in a bargain, but the quality of the product or service becomes secondary. C) You can spend other people's money on yourself, in which case price is no object but quality becomes a great concern. D) Finally, you can spend other people's money on other people, in which case neither price nor quality is of great concern."


This is the reason why I'm no socialist; I believe in a true free market, the like of which we don't have today, and the creation of a 'surplus of capital' which can then be reinvested in further production, Smith's classic 'division of labour' argument.

Business; and individual labour for oneself (small businesses in particular), is a force for good. My particular dream is to earn enough to set up a microfinance foundation, in order to kickstart small businesses in developing countries and really improve people's daily lives. A rather huge dream perhaps, but dreaming big is the only way I know how. Hopefully this explains why I believe business is a force for good, rather than some sort of evil, greedy deed.