Peter Brown

https://mastodon.scot/@peterbrown

Volunteer director of community wind company and new community distillery. Locally owned businesses are the drivers of development in the Hebrides. También soy guía turístico en Escocia desde hace muchos años.

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peterbrown_at_mastodon.scot@momostr.pink

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relay.damus.io

nos.lol

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Last Notes

2024-06-19 19:13:20

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well good luck buying your potters wheel and kiln. Or would you propose to build one yourself out of mud bricks like they did in the Stone Age?

2024-06-19 18:22:51

- reply

that’s a narrow definition. If you don’t have enough money to buy the machine that will provide the core of your business then you can sell shares to raise the capital to buy the machine.
Nothing to do with labour.
So eg. if you wish to make pots, you will need a potters wheel and a kiln. That will set you back £3000 - £5000
One way to fund it would be to sell six shares each for £500 to fund the purchase.
Or take out a loan.
Both are capitalism.

2024-06-19 17:42:24

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much of the harm caused by the stock market is not the stocks but the market. Trading in shares at the rate of thousands per second is not a way to create a stable economy. Owning shares in a business is perfectly viable and can help the individual as well as the business. But shares should be long-term with a minimum holding period of five or 10 years.
Another way of achieving this is to make shares tradable only at face value with no premium allowed.