We're not asking you to agree with us. We are asking you to observe it by suspending judgement on what were going to show you.
Neither are we are political, religious or believers in any other doctrine. And we're not doing morals. We are observing what is there without prejudice so that what can discover how to succeed for certain.
In general there are 3 kinds of business:
- the 95% who are certain to fail within 5 years
- the 4% who are lucky to survive
- the 1% who genuinely who are fully aware of how it works and guarantee success
- the 95% are simply unaware of the system, unlucky, so are guaranteed to go bankrupt. its just a matter of time
- the 4% are either lucky or deliberately broke the law to get it, skill and knowledge did not come into it.
- the 1% know that economic rents are the only income streams guaranteed to profit
Profits are quickly competed to the marginal price of anything. After which the few lucky ones left over are swept up by the 1% at fire sale prices - and then rented out once again.
As many skilful people exist among the 95% who fail too. The ratio is the same for both skilful and feckless. So skill never comes into it, all else being equal.
But the successful always say they did it due to skill and say the feckless are well... feckless
The lucky are lucky because what they have deluded themselves about their so called profits, thinking what is really economic rent is profit and interest - the return to their hard work and skill, is in reality economic rent but they are not aware of it.
Given the lucky are not aware of their fortune, imagining its down to their knowledge and skill, they will eventually go under too, as soon as bad luck tips them over the margin of bankruptcy for longer than they can hold out.
Only rent seekers, the 1%, survive over the long term.
So who are you? An entrepreneur, a businessman a trader. Or are you a rent seeker?
Who is the best rent seeker? The one who owns all the 'land'.
If you own all the land how much rent can you charge all comers for its use? Everything they have short of what they need to keep their heads above water of course.
This price will quickly be discovered due to the lucky and feckless competing fiercely among themselves.
Even with new technology, once other learn how to do it, even that will end up in the rent seekers pocket due to the competition.
Its not just land that commands economic rent, though that is by far the biggest thing. The privilege of money creation secured against the value of land is the next biggest.
Then the cornering of a market by larger corporations through the barriers to entry such as taxation and regulation making it impossible for the small guys to enter, forcing them into employment for the big guys..
Then any privileged position granted by the state through intellectual property right is a distant way behind that - patents, trademarks, franchises and to some extent copyright where the letters of our language are now exclusively owned for a time.
What is MeltFund?