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" ... If there's anyone who wants to take the other side of this argument please do. But the question I would like answered is "How far down a supply chain should a company be responsible?" From the cases I've described above it appears that people think to five or six removes. And my point is that a complex economy with the division and specialisation of labour simply cannot work in that manner. Because by that many removes we're really talking about the entire global economy, something which no one company has the possibility of controlling. ... "
" ... Naz thinks following her gut instinct has been of more use than following marketing textbooks. “I think that the key is hyper focus or hyper specialisation,” she says. “Where you are targeting a niche of people that you feel need the solution that you're providing – the solution that you were looking for. That niche will find you as long as you can get the message out there. I’m a big believer in creating businesses that are painkillers not vitamins. If you can solve a problem that people are facing today, that’s probably an idea worth developing.” ... "
" ... Sure, if all the people of my native Bath use their own currency then there's 100,000 currencies and nothing ever happens. This is not a good structure for an economy. Thus the bigger the area which, the more the people who, uses the same currency then the wider the trade area and the better off everyone is. More division and specialisation of labour, Hurrah! ... "
" ... The final value though is much greater. Once we've accepted the basic idea that a market economy is the way to go, what with the division and specialisation of labour and all that, then it's obvious that the larger the market then the better off we are. We get to divide and specialise labour with ever more people and so we get richer. The GST turns India into something very close to one unified market of 1.2 billion people. That will make people better off than the current situation where there's a certain amount of Balkanisation into individual states each with their own indirect tax regime. ... "
" ... The trade resulting from the division and specialisation of labour is the very thing which makes us rich. Thus the GST will make India richer--and also the Green call for local production will make us all poorer. ... "