Topic: Business / private sector is dead - page 3. (Read 1043 times)

I am seeing the same especially those that had a lot of debts and responsibilities are the most affected, I have always lived frugally so I do not have any upstanding debt but my friends are different and they are having a lot of problems to pay their bills as everything has gone up in price and now job security seems to be a thing of the past at least during this pandemic, it seems researchers are close to find a vaccine and this could really help the world to recover but if something else happens it could put many families on the brink of collapse.

I just hope that my business does not die, hopefully only sleep so that one day I can wake up in fresh condition again. the business I built is tourism based, so how can we possibly benefit from the tourism business? with the closure of tourism, strict safeguards, and a reduction in the number of visitors it makes us think hard. Is it necessary to create a cryptocurrency that supports tourism?

But, even the government is being run by the taxes provided by their citizen and now that the income is low means the taxes would be low as well and that means it is not just the common man but the government is also affected by the pandemic and that is the basic reason of the economic crisis that we so often talk about now days.

I think the private sector will be dead or slow for a long time and unless there are schemes that support small businesses and startups there will be absolutely no movement in the private sector. The government need to come up with some creative taxation relief system or something that encourages small startups.

The only thing I could ever agree with Trump is the fact that USA did a lot of tests, they are doing a ton of them as well, look at some of the third world countries and you will realize that they are not doing anything remotely similar and the testing is very low in numbers, which causes their infected and dead numbers to be low as well.

So, the economy of those nations are affected a lot more as well, why? Because they test low, and because they test low the numbers are low, because numbers are low they do not take the same prevention as the other nations do, which causes them to be even in more serious trouble health related, which causes them to be in a lot more trouble financially as well. So, testing can lead to a lot of troubles in the long run.

I think people already know what they should do in times like this since we are facing a new normal and people should start adapting. The worst is coming since the pandemic is not yet done without the present of a curable vaccine there's no stopping and getting back to what we used to be before.

The government should be ready to something like this in the future to avoid another recession of the economy if the pandemic would prolong just what happened to us right now.

Indeed, private businesses, especially small and medium-sized businesses, have suffered a lot of losses due to measures to combat the spread of coronavirus. In my country, more than half of small private businesses have closed. Since March, when governments began to take tough measures to combat the spread of the coronavirus, people have practically lost their savings and now people's purchasing power has dropped to a minimum.
Outwardly, it looks like a conspiracy of the world government. The colossal damage to the global economy was caused not by the coronavirus, but by measures to combat it, which stopped production, trade, transport, and so on. In my country, in the spring, agricultural producers could not sell their goods, and the population could not buy food. As a result, a significant part of the food simply went bad.
On the other hand, mainly people who are complicated by other serious diseases die from the coronavirus. In my opinion, the danger of a coronavirus pandemic is too exaggerated.

I'm not sure how to understand this part

What evidence are you talking about? Care to explain? Just in case, it was not me who raised the point of cheap labor versus expensive labor. So, in my turn, why do you ask me, exactly? Regardless, for small businesses which can't diversify, the cost of labor (which was exemplified in the example of chocolate) has everything to do with their survival. And if some businesses are to die due to pandemic, it will be the smaller ones which have higher chances of going belly up. Simply because they can't move to countries with cheap workforce

I guess he is referring to the third world countries as those are the regions where the pandemic has affected the most to the economy. Stock of pretty much every company has taken a fall due to the pandemic situation. As the businesses are starting to resume slowly and getting back to normal, the stock prices should start rising again.

We will surely see an uptrend in all the well known stocks in the next few months. Let's just hope the pandemic doesn’t get even more worse than it already is, and no country has to face economic crisis as it takes minimum 2-3 years for a country to get back on its feet.

There is a lot on the government plate to take car of its citizens and the small business units. Because since from past 4 months units are shut and do not have any income to play to laborer’s. This is creating a big issue and now government need to provide some relief to all such sectors and units who are facing financial crunch.

Most of the private owned business which are concerned with transportation are dead and people are suffering huge loss , my own father had to sell his business because since the pandemic it wasn't allowed to function and even now it's so tight that people barely use them at all.

The government promises to provide explanation and huge help for the small businesses but at the end of the day it never reached the smaller sector .

Stimulus bills are for the rich and wealthy nations where the Government can afford to provide money to the people in need , for the small countries people have to fend for themselves and most of the companies who are still working are giving 50% less salary to the people who are joining fresh .

It does not matter what is stated on the internet , what matters is what do people experience when they go out in public looking for jobs , the media does not give a fair word out in the public.

I do understand this because I have seen my father struggle during the Pandemic , this is why I support cryptocurrencies since even in this time we do have a way to earn internationally , Students can even do part time jobs here , signature campaigns are still working and this is the kind of governance we need .

-°-

Hopefully the Government will understand their shortcomings and then try and help people for real , provide them jobs , don't give them money every once in a while~

Expand your local business and support the local sellers , be self sufficient this way you will be able to employee people at the same time make the economy grow .

That's the breaks. Cheaper quality aside, consumers prove time and time again that keeping goods cheap is of the utmost importance. Free trade policies cater to both consumer interests and those of large multi-national corporations.

As for small businesses, who cares about them?

Business all around the world is struggling to make a comeback. The medical and pharmaceutical industries gains good revenue out of the ongoing pandemic. Governments functioning around the globe has got different plans to recover the economy directly and indirectly. Some governments have announced money to its citizens, so that they can stay home and fulfill their needs.

I don't understand the meaning of our words, Its my job?

How can you say that its your job, do you own any company to call it as your job!

why would all of the sudden the topic changes from private sectors from being dead to chocolate. I guess you have made a lot of discussions to which lead out to concrete evidences on the private sector.

Anyway, the logic is very simlple and let us not all complicate things. Business in private sector is not dead neither will it be. It is just put on hold due to the fact the the government mandate is to keep everyone to stay at home for safety of all. If only there is no mandate for this then pretty sure that these private sectors will continue their business as usual.

And where am I wrong here?

You basically confirm what I'm saying, i.e. that a decent chocolate bar costs 2 euro and a shitty one a quarter of that. If you would have to pay the same price for good stuff and trash, you would be right. And you would be right too if you paid different prices for essentially the same stuff, like 2 euro for a European chocolate bar and 0.5 euro for the same quality out of some backward country where the labor is cheap. But this is not the case as you say yourself

Not all businesses have died because of the pandemic but there are really some that have sadly experience a temporary to permanent closure because of no incoming earnings from the past months all due to the implementing community quarantine. Most of those businesses that are directly affected and turns out to close permanently are small businesses because those are the small earning capacity business establishments with low capital and because of the pandemic that they have no customers but still do have expenses to support daily necessities, the supposedly temporary closure turns out to become a permanent closure already.

But if we would be referring into the big businesses, many or most of them are already back into operation ever since the community quarantine have lessen the restrictions and a so called "new normal" set up is being implemented allowing business establishments to open up but the operating time will be shortened and the working capacity will be just on a minimal rate of about 30 to 50 percent which is the situation we have in our country as of the moment. This is to allow people to get back to work and reopen businesses to help for the revival of the economy that have experience declination due to no incoming earnings and taxes from businesses.

With that, we can say that businesses are not totally dead. So as with the private sectors. They were just down for a while amid with the existing protocols to help fight back the spreading of the infectious disease which is covid-19. But so far, everything seems going to look good because finally after a couple of months close business establishments are now back in operation.

I live in Europe and i can say to you that your wrong...  

A chocolate bar made in Europe costs 2 euros , a chocolate bar coming from outside the EU costs 0.5 euros and it's junk when you open it you can see it's old ,and they used more sugar then cacao...
Should we start talking about cars,clothing,jewellery,leather products ,machinery,computers etc made in Europe vs junk made in China and India ... ?

Africa,China,India etc can't even compare with Europe,USA,Canada,South Korea,Japan when it comes to quality ...maybe one day they will reach our level but not in my lifetime ...


In Europe we know what quality is ... Do not even try to compare Lamborghini's with Tata's  

I am sure it will be fix eventually, maybe not exactly, maybe not the companies and business' right now but it will be fixed eventually. One day that shop on the corner of your house will be closed, because there is pandemic and economy is bad and they can't continue anymore, maybe some other shop will start there soon, or maybe it will take some time, and even that could be closed because economy doesn't recover fast enough, but one day there will be one that opens there and continues to work for years.

That is what we are talking about here, economy could recover, not everyone will be effected from this recovery and get richer again, but the country as a whole will recover and the total combined amount people have will go up once again. Is that enough? Not really, but at least that means we are not going to be like Venezuela or Zimbabwe.

Fair prices go along with quality

In other words, you can't compare prices without reference to the quality provided. And something tells me that prices are more or less the same across the globe for the same work standards. It simply doesn't make sense to ask below the market rates as you will be selling yourself cheap to cheap employers below your notch. And this has nothing to do with the lowest possible standard of living which you implicitly set as a reference point. You may live in the depths of Africa and still ask the highest price as long as you are up to snuff

are you kidding me this is my job


we going to see war very soon ... if they don't fix the situation ... like you said people lost their jobs and when famine comes war comes also.