Land - the panacea for business success? I doubt it.Photo Credit: CIFOR via Compfightcc
I was reading this post on Meltfund about the 3 kinds of businesses that exist.
It says:
95% will fail within 5 years. Wrong!
45 will survive far longer. Wrong!
1% who are fully aware and guaranteed success survive. Wrong!
Actually, the above post must have been inspired by Sen. Rand Paul's statement on CNN criticizing Obama on his statement that 9 out of 10 businesses fail.
The actual facts are stated on the Washington Post's news story:
The goal of rent seekers is to create a monopoly. Monopolies could be double-edged swords, especially where rent control, price control and legislation against oligarchs exist and is enforced.
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