Find news published in the date range below
and and
and and
and and
Clear
Euro
Arrow
54,0190
Dollar
Arrow
44,7854
Sterling
Arrow
63,0415
Gold
Arrow
6268,1032
BIST 100
Arrow
10.729

The stream's stone - The stream's bird

Don't leave your news choices to an algorithm - decide for yourself what you read. Add 12punto to your preferred sources!

While there are many reasons for the economic bottleneck we have entered in recent years, one reason might be the story below.

Let me tell you about a tragic theater I overheard during a coffee break at a business meeting.

A prominent businessman says:

I am a businessman.

My primary goal is to make a profit.

To grow my business.

To employ workers cheaply and get ahead of my competitors.

The nationality, race, or religion of the worker does not concern me much.

I look at the profitability and efficiency of my business.

I am after producing the highest quality at the lowest cost. By producing the product sought in the market at the lowest price, I must be ahead of my competitors.

I must pay as little tax as possible, if possible none at all, and reach the cheapest financing in the easiest way.

Speaking of financing, it reminds me of the loan I took out last year.

I received a million-lira investment loan from a public bank at a 10 percent interest rate.

The bank is sharp, of course; it didn't send the loan to my account.

It asked for the invoice of the raw material I would buy for the production I was going to do.

It made the payment directly to the company issuing the invoice.

Well, the bank is sharp, but aren't we?

I didn't take the goods from the company that issued the invoice; I asked them to sell them to someone else.

And in exchange for a small kickback, they returned my investment loan that the bank had sent them to me through the back door.

Now, I have deposited the loan I took at 10 percent interest back into another public bank at 60 percent interest.

I have postponed the production business to an indefinite date.

However, if I had produced; I earned 10 times more from interest without lifting a finger than I would have earned after deducting worker salaries, taxes, and other expenses.

Well, why should I vote for anyone else?

As long as we continue to kill the stream's bird with the stream's stone, it seems unlikely that we will emerge from the crisis spiral.