I was also reminded of the gazumping era, and that this agressive asset stripping was rife in the eighties. I thought of all those old family businesses that had been agressively bought out and sold off. I wonder if this is where the heartlessness of commerce became so defined. When there is a genuine family structure behind a business it has a 'face', for better or worse that it's employees relate to.
I wonder if this asset stripping is what is happening to countries like Greece, and who exactly is trying to sell it. I know I don't understand these things, but why if the governments have provided bail-out money to banks, that this money pays off debts racked up previously.
I think the whole practice up till now of simply trying to make money out of rising and falling markets, is just wrong. Why is it that an investor simply can't put this money into building a portfolio of new start up companies to provide positive employment and social enrichment.
It's all very well going into business, but the resarch for that sector is so important before embarking on an enterprise. There are now so many companies that compete for the same sector that price wars and aquisitions wars just turn the whole mess into this impersonal gargantuan monopolised pushme-pullyou beast.
Perhaps there is more to come in that where these huge companies are now having to lay off employees, they are also built without foundations. At least a family business has a conscience when laying off it's workforce. Also there is more dialogue with employees in that it is normal to negotiate perhaps less hours, and a flexibility of contract rather than lose it's skills base. Also where towns were built around those enterprises, the owners knew it would cause real poverty in the people who had business and services that supported the town.
There are always fluctuations in order books. In the last 50 years the model seems to have been built on the principle that it can continously expand. Perhaps what we are seeing is this beginning of contraction, an opportunity to exhale, and begin the process of genuine 'breathing' within economic structure, not something that has been forced to inflate beyond it's capability until it has exploded.
We need the heart back in commerce, not just hard headed greed.
Is it time to dismantle this mega corporation structure, that has power and aspiration beyond their own business, for instance where money is given to support politicians put into power to serve their own ends?
Just a quick thought, as our guests are up and it's time for breakfast. Mmmm .... coffee!