Chapter 82:
When the economy regressed, people's purchasing power beca a joke. After a decrease in inco, there was no strict sense of "consumption"; instead, it beca a necessity to make ends et. However, not everything during an economic downturn followed the downward trend of economic indicators. For example, birth rates and abortion rates may not decline similarly.
After an economic downturn, opportunities for entertainnt beca scarcer. Due to prolonged unemploynt, certain needs would intensify amid restlessness. Consequently, a wave of newborns would beco part of this scenario, continuously impacting already unstable families. So families, originally planning to have children, may choose to abort due to economic difficulties.
The baby boom and abortion rates were not contradictory, adding an interesting dinsion to the situation. Cri rates would also noticeably increase as many individuals, pressured by life, resorted to illegal activities to et basic needs. So may even willingly commit cris to secure free als in prison.
In this stressful and anxious environnt, society would experience a pathological condition, and wealth would rapidly flow from the lower strata to the upper echelons. Ordinary people lacked channels for fair exchange through labor, and their money was gradually drained during the struggle to sustain life. This money ended up in the hands of capitalists, leading to the ergence of anti-wealth sentints in society.
During economic recessions and societal downturns, it was a ti for capitalists to revel. However, certain industries quietly thrived, and their growth was closely related to the societal landscape.
Discount stores, retail, and so wholesale markets beca highly sought after. People must plan their consumption ticulously, including the middle class, who could no longer indulge in the pleasures of wealth as freely as before.
This beca one of the few opportunities for the middle class to connect with the lower strata. They would stop driving because fuel cost money; instead, they would carry shopping baskets like many ordinary people, scrutinizing every detail.
Industries related to agriculture also experienced a certain degree of growth. Many households began cultivating edible crops near their residences to supplent their needs. If not for restrictions on keeping livestock and poultry in urban areas, these people might even raise cows.
Among nurous foundation investnt projects, funds flowing into agriculture and animal husbandry increased significantly. Investnt banks and funds were particularly sensitive to market changes, and their allocation in agriculture and animal husbandry investnts reflected future economic trends.
If there was an anticipated economic developnt in the future, funds would be invested in appropriate industries or financial sectors. However, a significant shift towards large-scale investnt in agriculture and animal husbandry, at the expense of other investnts, signaled an approaching economic winter. Many tended to overlook this issue.
Tobacco, alcohol, and the entertainnt industry also experienced rapid and vigorous growth. Cigarettes and alcohol provided temporary relief from worries, while the entertainnt industry allowed people to montarily forget life's hardships. If the price of this happiness wasn't too high, people would allocate so money to purchase it.
With an upcoming storm that would break down the already semi-solidified walls of the Baylor Federation's capitalist ruling class, so artificially created barriers and walls would shatter. Less noticeable industries would beco easier to enter.
Of course, in addition to these factors, the second-hand market would experience an unprecedented boom. This was why Lin Qi wanted to establish a new company, covering the entire state, dedicated to the trading and auctioning of second-hand goods.
He had the right timing and conditions. This ti, he planned to make a substantial profit. If nothing unexpected happened, after this storm passed, a business genius would rise here.
However, discussing these matters now seed sowhat redundant. Lin Qi briefly explained to Mr. Fox and his son, touching on the entertainnt industry's alternative revenue stream.
"The entertainnt industry, particularly entertainnt related to culture, profits from two main sources. Firstly, normal operational inco..." Lin Qi raised a finger, "I believe you can understand and comprehend that."
Mr. Fox and his son nodded. Operational inco, like making movies and selling tickets, represented the operational earnings.
Lin Qi then raised a second finger and continued, "The second part cos from subsidies provided by the federal governnt..."
Mr. Fox and his son exchanged a glance. Lin Qi's explanation truly sparked their interest. From fearing the federal governnt to considering taking a piece of their pie, they, who were recently involved in potentially illegal activities, suddenly felt a surge of excitent.
However, they wondered if the federal governnt's al was really delicious.
"Society is about to beco restless. A large number of unemployed individuals will beco an instability factor in every city. Coupled with the federal governnt's self-reliance stance, which has already triggered so issues in the international community, alleviating social pressure, appeasing public sentint, and seeking common ground in the international community have beco crucial tasks for the federal governnt's next phase."
Lin Qi paused at this point and suddenly asked, "Mr. Fox, if you t a foreigner, under what circumstances would you, in the shortest ti possible, accept the foreigner and beco friends with them?"
Mr. Fox thought for a mont and said, "If we can communicate in the sa language, if he knows about so things I talk about and I know about so things he talks about, if we have common topics or even shared hobbies, we would quickly beco friends."
Lin Qi pointed at him, "Exactly. Cultural commonality. We rarely have the ti to sit down and earnestly read a foreign book, even if it's a world-class classic."
"But we can genuinely and carefully watch a foreign film, even contemplating the things behind the film. That's what makes movies special."
"The entertainnt industry can not only help the upper class appease the dissatisfaction of the lower class regarding societal structures and reduce friction and conflicts between different classes but can also export more commonality and recognition internationally. Doing these things not only allows for legitimate profit and federal governnt subsidies but also eliminates concerns about retaliation from certain interest groups. This is an industry with a future."
Lin Qi said a lot, and Mr. Fox was very intrigued. Fox Junior was also fascinated. He studied managent, not sociology or financial economics, so he didn't understand these things. However, he felt that what Lin Qi said made sense.
He looked at Mr. Fox, as if wanting to confirm his father's attitude. Mr. Fox then asked a very direct question, "Lin Qi, my friend. If we follow your advice and invest in the entertainnt industry, would you join us as a shareholder?"
In Mr. Fox's view, if the entertainnt industry could really make money, Lin Qi wouldn't miss this opportunity.
After spending this ti together, he had a clear and profound understanding of Lin Qi. Lin Qi was a pure businessman. All his actions were aid at seeking maximum profit, including helping him transition from illegal to legal, laundering the money. These were the efforts Lin Qi made to bite into his flesh, but Mr. Fox didn't dislike this calculation, or rather, didn't dislike Lin Qi's thods.
If there were more people like Lin Qi, who could continuously multiply his assets, that would be even better.Please vote for this novel at /series/blackstone-code/Please do not delete thisHow to find a list of chaptersPlease find the chapter label next to your favorite translator's na, and click the label.
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