Cash – a Backstop for Freedom

Let’s talk about Canada’s Prime Minister Justin Trudeau, the Chinese Communist Party (CCP), the UK’s Brexit campaign leader Nigel Farage and cash. Cash, of course, being a key part of the payment system driving economic activity around the world.

What is business for?

Since the creation of the limited liability company there has been debate about what companies in particular, and business in general, are for. Every time there has been a scandal caused by fraud, neglect or bad faith actions; this debate has come into sharp focus.

Charles Handy, the famous writer and academic specialising in organisational behaviour and management, wrote a Harvard Business Review Article (HBR) in December 2002 ¹ and said, ‘The purpose of a business, in other words, is not to make a profit, full stop. It is to make a profit so that the business can do something more or better. That ‘something’ becomes the real justification for the business. Owners know this. Investors needn’t care.’