Craig Southeren wrote:
>
> > - are the sums involved in IPO's healthy for the ecomnomy
>
> In general, yes. Process that keeps money flowing through the economy are
> usually good. Anything that causes money to be stagnant, is usually bad.
> One of the reasons why Australia's economy is so dull is that most of
> people's capital is tied up in their house mortagages because the tax
> regime makes is sensible to do so. Other economies such as the the US
> and Japan where house ownership is not so widespread have much more
> vibrant economies
So the fact that maybe 5% of the money in Australia is invested in
housing (because we have such poor old age pensions), stops the other
95% from flowing.
No wonder the government wants to prevent academics collecting figures
on the distribution of wealth in this country. That allows journalists
to write crap blaming people buying their own home for our economic
misfortunes.
We have a high level of home ownership in this country because Bob
Menzies started it as bulwark against communism. It is in Hansard!.
Doesanyone know how many transnational companies have a bigger budget
than Australia?
>
> > - loss of sense of community (maybe this sense was false anyway)
>
> In what way does an IPO cause a loss of sense of community?
>
> > On the other hand:
> >
> > - if fools are throwing their money around only a fool doesn't take it
> > - is it envy that belittles others success?
>
> Both of these are probably true, but are not the major down-sides to the
> current IPO boom in our industry.
>
> I see the major problem with IPOs is that it tends to steer innovation
> towards technology that can be made marketable within a short time frame,
> say 6-18 months. Anything that takes longer than that is probably not
> attractive to VCs, and hence will get left on the shelf until someone who
> has already made their money comes along and invests in it.
>
> Regards,
>
> Craig Southeren
>
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