 For small businesses times have become terribly though everywhere, in Birmingham small business simply disappeared. As we all know, its the small businesses that employ most people, not HSBC, or General Motors or BAE, AIG and all the other recipients that are drowning it tax payers money.
With all this “rescue-plans” under way the question is: Why should the value of financial assets (debts) stay at almost four times the overall GDP of the European Union? What do everyday citizens gain from such excess? The simple answer would be: Global firms have outsourced hundreds of thousands of jobs, developed complex organisational structures by using enormously expensive and talented experts. For what purpose? Also here the answer is fairly simple: millions of saved cents translates into shareholders' gains. So in fact this is now the lesson learned from this former Midland Bank which was morphing into HSBC, after it was swallowing for 150 years all competitors and now want to move to Hongkong... |
