Dickensonian. Draconian.
A reality in many countries until the 19th Century.
Would you take a chance of building your dream business if it could land you in prison?
Entrepreneurship and Risk-Taking in Business are Dead: The Return of the Debtors Prison!
Posted by yoni67 under Self-DevelopmentFrom http://jobshuk.com 4770 days ago
Made Hot by: Sun Tzu Business Guide on March 7, 2011 10:07 pm
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Comments
4770 days ago
Ben
4770 days ago
I guess the fact that I am an expert in nothing in particular makes me vary things to cover up my shortcomings in business. Glad you enjoy and glad to surprise!
Yoni
4770 days ago
4770 days ago
Is there a direct relationship between this and being an indentured servant? They were charged for their living expenses, too, making it next to impossible to pay it off - to the extent that their children were born into the debt, as well.
Duncan
p.s. For executive criminals like the Enron crowd, I've long (half seriously) said they should spend 99 years in hard labor - like the 3 Stooges - breaking big rocks into little rocks (which intentionally produces nothing of value) dragging a ball & chain on their leg. That'll teach 'em!
4770 days ago
From what I've read, some people did act as benefactors, bailing debtors out and making them indentured servants until the debt was paid off...better than prison I suppose.
Others were offered the choice of serving in his/her Majesty's Navy. I'm guessing that serving on a 72-gun Man O' War also beat prison.
Yoni
4771 days ago
4770 days ago
Half the population plus one...me!
I think fear and restrictions would make people more cautious, but it would probably curb the wellspring of ideas which lead to innovation and profitability.
On the other hand as you say, responsibility and circumstance are key factors.
What to do? I'm not sure. That's, for better or for worse, what politicians are for :)
Yoni
4771 days ago
Shep
4770 days ago
Glad you enjoyed. For further reading I certainly recommend Little Dorrit!
Yoni
4771 days ago
Great mixture of business and history from the businessman/history buff! 30 years in prison is a loooooong time to spend for owing money. Today the prisons would be overflowing!
Heidi K.
4770 days ago
You are correct. Prison space is already at a premium. Where would they put everybody?
Yoni