Jan
29
Bad Business Should Die
Filed Under Advertising, Corporate, Digital Signage, Event, digital ooh
I’m a born capitalist and so had to smile when I read this article this morning with a quote from Richard Branson when he was in Toronto for Canada’s Advertising Week:
“I hate the idea of government’s intervening to save business. Companies should be like trees. If they’re inefficient, they should die and make way for new trees. [Although] saving banks was an absolute necessity. Not saving the banks would have been horrendous.”
Unfortunately, there’s going to be a lot of “death” this year…be it retailer, media companies or our own little corner in DOOH but it will only make us stronger going forward
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I am in complete agreement. Interestingly, if you do the math a stimulus of $819B divide that by the approx. 300M people, puts about $2700 more debt on the shoulders of every man woman and child in this country–a burden which will be shouldered by the rising generation.
I think it’s sad we have to take out a loan from uncle Sam to support our lifestyles. Maybe it’ll be good to bring good ole’ fashioned discipline back into the marketplace…