Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Yes, if they made you king but having people invest in their own societies is the only realistic alternative to raising taxes which can't be done or even if taxes are raised; it would never be significant enough when compared to massive bond financing.
by An American in London on Fri May 11th, 2007 at 07:09:04 AM EST
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I'm pointing out that the process of "Napsterisation" inevitably leads this way because these models actually "work" without banks aka credit intermediaries.

The fact that the number of UK LLP's doubled in two years (and no-one knows what is being done with them) is nothing to do with me (well maybe a TINY bit).

What will lead to the widespread adoption of this mechanism is:
(a)it's the best Equity Release mechanism there is, bar none;
(b)it allows entities without share capital eg charities, social enterprises, governments, national and local, to invest without borrowing and MASSIVELY cut their financing costs.

It will happen for sure,because it works better than the alternative: a classic "emergent" phenomenon.

But you can appoint me King as well if you like.;-)

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Fri May 11th, 2007 at 08:04:42 AM EST
[ Parent ]


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