Ba dum dum, ching...
Join Date: Jun 2008
Location: Central Joisey (you got a problem wit dat?)
I agree completely. There was a time in this country when a small inventor or manufacturer could afford to operate and produce slow and steady growth that eventally would or could grow into a powerhouse, (think of GE, Intel, Apple, Microsoft). Even the dreaded H-D started with 2 guys in a garage in Milwaukee. The problem these days seems to be that unless you can guarantee double digit returns to your investors you can't get investors. Which means that getting capital for research, development or growth is close to impossible. Blame it on Wall street, blame it on Washington, I don't know where it all started, all I know is that I can point to the early 90's when there was a decided shift in the business community and all of a sudden if your company was consistantly giving 7 or 8% returns annually it wasn't good enough anymore and you better start finding a way to get your returns up to double digits or you soon won't have any investors.
Personally, I think it's the beginning of the end for us.
Yes, it's my mid-life crisis.