Hello. Currently, in the West, it seems like there is a lot of risks involved when starting a business and one either succeeds wildly or if it fails, it fails badly. And by that I mean, when a business goes under, the owners lose their shirt and can even go into debt. And when a business does succeed, all the money goes to the owner. He can and often does pay his employees in a way that is not proportionate to what they help bring in. And in this sense, the workers do not really share in the prosperity, despite the fact they are the ones doing the work. And we can't do anything about it because businesses are private entities, they dont answer to us, they can in theory do whatever they please.
I have a suggestion to improve the situation that will help out fledgling businesses, reign in the successful ones, and ensure workers share in the prosperity they helped to create. Why don't the government have a program specifically for investing in start-up businesses? The government will have a stake of some sort in the business, either through loaning it money or providing technical guidance, doing analysis, doing research on the best location for opening the shop, making the application for business license and permits easier, and just generally being involved. Just helping them in some way so that the risks inherent to starting a business are lessened. And I believe this is good for the economy because more people will be encouraged to start a business. They will see that starting a business is not as risky as before and this results in fewer things holding people back from entrepreneurship. And in return, the business owner will promise the government that he will pay his employees well if his business does take off. Like maybe base their pay on a share of the company's profit. This way, the workers benefit too. The success of a business should not reward just the owner, it should reward the workers as well, people who do the actual work. And also, maybe the government can make businesses promise that they will not outsource their jobs or move their operations overseas, and this protects American workers, and if they can't promise these, then the government will withdraw funding or help. The government can also extract a promise from businesses that they will not engage in shady practices like predatory pricing, which does not benefit consumers and only serves to make money for the sake of making money. And the government can do this because it has shares in said business through its involvement in its early days. And this is just one example, there are potentially many other barely legal, unethical business practices that can be prevented.
I don't know if this is a novel idea or not. Maybe someone's already thought of it. Anyway, I want to create a situation where costs as well as benefits of entrepreneurship are more evenly spread out so that there will be more businesses and more people will benefit from the success of businesses. Thanks for reading.
This post was edited by JessiWan on Apr 19 2022 01:52pm