Chapter 466: Impulse Mode

  Chapter 455 – Charge Mode

No matter how rough the means are, people without strength can’t play. Not to mention the initial capital investment, just how to hook up with the Russian nobles is a problem.

You have to know that the Russian nobility is the most conservative existence in Europe. If a capitalist wants to sell door-to-door, it is expected that he will be driven out without even meeting them.

Even if he succeeds in selling, if he meets a greedy aristocrat, he may be directly hacked into the bonds, and in the end, he won’t get a single shilling.

Although not worried about competitors, but the secrecy is still done, otherwise the tsarist government early patch, the back will have to wait for Alexander III to pay back the money.

On the surface, it seems that this era is the gold and silver standard era, the currency seems to be no devaluation.

In reality, although the wealth of society is increasing, but this increase is difficult to catch up with the speed of money printing, inflation simply can not be avoided.

Price stability was also relative, and a decade or so was enough to change a lot of things. In the second industrial revolution this wind mouth, as long as the right investment, several times the profit is not easy.

The industrial revolution involves too many projects, Franz can’t cover all of them, this time the venture capital company can be introduced.

Although the concept of “venture capital” has not been proposed, it has always existed. One familiar example is Lu Buwei, who was a successful venture capitalist with his strange goods.

In Europe, Spain financed Columbus’ discovery of the New World, which ushered in the Age of Sail and the establishment of the first Sunset Empire.

These are only successful cases, and there are many more failures. History books have told the world that venture capital is a high-risk investment.

Risky Franz can afford to invest in new industries in this era, the cost is very low. Basically, it is to subsidize the technology research and development, and then invest in the construction of factories when there are results.

Even if the investment fails, as long as the harvest has the relevant patented technology, the business is not too bad.

Unfortunately, the project is not good to find, this is only the second industrial revolution, the project is not as much as the later generations. Moreover, affected by the inconvenience of communication, it is also difficult to do effective supervision.

After further hesitation, Franz gave up the plan to establish a venture capital company. The world is never short of smart people, this era of venture capital is not non-existent, but are limited to a small area.

If you want to invest in hundreds of projects with one venture capital company like in the latter days, it is completely impossible. The operating costs of the business alone would be able to crush the company.

After all, the real economy is not the Internet, it is not possible to get rich overnight, can not see the profit before, want to list money are difficult.

……

The actions of Fortune Securities soon attracted the attention of people who are interested. At first, people thought that Wells Fargo Securities was deliberately releasing good news, or that the Russian-Australian negotiations had taken a turn for the worse.

But in September, the dust settled on the negotiations between the two countries. The Russians would continue to honor their debt, though this was delayed by five years. The collateral that had been promised was now only nominally honored.

For example: the mortgaged tariffs, now part of the Russian tariff revenues would be used to pay off the debt. The exact amount of this is a bit touchy, around 200,000 divine guilders per month.

The sum total of the collateral proceeds adds up to a total of no more than half a million shillings, which is less than one-sixth of the funds actually required to pay it.

Default payment is naturally non-existent, the Tsarist government has no money, and being able to repay the principal and part of the interest is considered to be giving face.

There is no way, the debtor is the master. The Vienna government can only collect as much as it can, the rest of the tsarist government’s finances to return to normal, and then slowly pay it back!

A total of so much money, of course, to prioritize the payment of government-guaranteed policy loans. As for the private loan, it is very regrettable can only wait for the future to reconsider.

Bonds, not to mention, the maturity of the discussion of this issue, early payment that is impossible, the tsarist government can not talk.

Since they dare to think about the high interest rate they give, we must be prepared to lose the principal of the intention. When the Russo-Prussian War broke out, there were financial experts who warned.

Although the Russians did not say that they would not pay it back, it was still very clear in everyone’s mind that these bonds were feared to be very difficult to be paid normally.

It was a falsehood that the Tsarist government’s finances were improving. As long as the Russian bureaucracy is not purified and the problem of official rule is not solved, the finances can never be improved.

It is a hundred times more difficult to purge the bureaucracy than it is to reform the system. No matter how you make the rules, you need people to enforce them, and that’s the loophole.

Killing to establish authority is a good way, but unfortunately there is no tradition of killing nobles in Europe, and Alexander II didn’t have the guts to set a precedent.

Franz pounded out the civil service examination system, which likewise failed to solve the problem of corruption. Even bureaucrats of commoner origin were more ruthless in their corruption.

Only this created the conditions for Franz to kill and establish his authority. The Anti-Corruption Bureau has something to do, you can catch a few fools from time to time to make an example of them, and set up a typical deterrent to the bureaucratic group.

After having the contrast, then deal with the noble bureaucrats, people will not feel that the emperor is ruthless.

Look at other people who commit crimes are killed, nobles commit crimes only take away the title, squatting in prison, how to say is also taken care of.

Moreover, this take away the title, but also just life nobles finished, hereditary nobility title will still be the second successor again inherited.

The reason is not yet a crime, but an insult to the honor of the nobility. That’s right, the European aristocratic culture also has requirements, and still high standards.

It doesn’t matter how you do it in secret, but in the open whoever violates the noble code of conduct will also be slammed by everyone.

Many noble bureaucrats can’t stand the pressure of public opinion when they are caught in the act, so they directly choose to commit suicide. When people die, things naturally go away.

Perhaps in later generations, this is ridiculous, anyway, can not die, squat a few years in prison after the wind and then come out, continue to live the life of the upper class, why need to commit suicide?

But in this era of honor over life, in order to maintain the family honor, personal life is secondary.

Under external pressure, although it could not put an end to corruption, at least it made them restrain themselves. There were not many officials in Austria who dared to do the kind of direct embezzlement of public funds and openly carrying out bribery, as in the case of the Czarist government.

This kind of operation, on the contrary, the Russians could not learn. On the one hand, the aristocracy was too powerful, including this reform of Alexander II, which was also a salvation movement initiated within the aristocracy.

On the other hand, there was the problem of popularization of knowledge. Compared to European countries, the literacy rate of Russians is generally low, even if the civil service examination, there are not many commoners.

Without sufficient numbers, how could they bring pressure to bear on the aristocratic bureaucrats? If there were only a few people, it is estimated that they had just entered the officialdom and were suppressed.

Compulsory education had been going on for so many years that even if only one percent of the population entered university, there were 20,000 to 30,000 people entering university in Austria every year, and this number could be magnified by more than ten times when it came to the secondary school stage.

A large pool of talent is Austria’s greatest advantage.

Quantitative change causes qualitative change, a lot of the original time and space obscure existence, now become the leader of the times; once a big name, now on the contrary, there is the meaning of obliterated.

Facts have proved that the environment can really change a person. Franz is not superstitious about the celebrity effect, he believes that the butterfly effect is huge.

In his eyes, there is not much difference between the celebrities in the original time and space and the ordinary people before he came up with the results.

After all, scientific research is full of coincidence, perhaps a different day, a different laboratory, the final outcome may change.

Even the Austrian scientists who were born a little later, it is not possible to be butterflied out of existence. This kind of thing is too common, as long as the original parents have an accident, or the time of intercourse changes, the final fertilization of sperm and eggs have changed.

Even if they have the same name, they have actually changed. To do this, just one overtime, or a vacation is enough.

The celebrity parenting program is a fallacy from the start. Instead of engaging in all this uncertainty, it would be better to perform a punchline.

When the number of talents went up, the number of geniuses naturally increased. In fact, those who were able to go to college in this day and age were the cream of the crop.

If one’s own ability was insufficient and one wanted to go to university, then one could only shell out money to sit in, and in case one’s great talent came to fruition late, and finally passed the graduation test, one could likewise get a diploma.

As far as Franz knows, there are currently a bunch of auditing students in all Austrian universities. These people are not looking for a diploma, but simply want to improve their abilities.

After all, those who can afford the money are all the rich and powerful, it doesn’t matter whether they have a diploma or not.

Not everyone can afford to pay tens of thousands of guilders for tuition, which is the price of a villa in Vienna. If converted to the 21st century, that is many hundreds of millions.

The Ministry of Education is interested in increasing the number of universities, specifically to give these rich kids a platform for education. After all, these people were all gold masters who could charge high tuition fees and still make a lot of money every year.

Franz was clear that it was only a matter of time before such universities appeared. It was never difficult for rich people to want to receive higher education.

If you don’t have it at home, can’t you still study abroad? It was not popular to study abroad in Austria nowadays, that was because the quality of education in the country was already top in the world, and it possessed a large number of human resources.

For many capitalists, sending their children to study abroad is to accumulate personal connections and lay the foundation for future development.

If there were no such benefits, the cost of studying abroad could at least be saved for the most part, so why would they want to fight against domestic universities?

Taking the University of Vienna as an example, for those who are formally admitted to the university, the tuition fees for several years add up to only a thousand or so divine guilders, and they can also apply for student loans.

And the cost of the spectator directly speculated to eighty thousand divine guilders, don’t mind the price, a total of so thirty places, completely in short supply. If you don’t have connections, you simply can’t get it.

This price is not only the price of learning knowledge, but also the added value brought by the network of contacts. As Austria’s top school, it is worth this price.

Austria has more than forty universities, large and small, and each of them basically has only five or six hundred admissions each year, with the most being about a thousand.

In the case of universities not expanding, this place is naturally very valuable. Unless one was really connected to the heavens, one could at most get a place as a spectator no matter how rich one was.

As far as Franz knew, the number of children of great nobles who entered the university through the back door every year was in the single digits, and most of the time there was still none.

If a great noble’s son, who passed the family education, still couldn’t get into the university, then there were only two situations: either he was not suitable for studying; or he was a fop.

Think about it, the teacher of the question gives you lessons every day, you can’t get into the university, what else can be said? Not to say that 100% of the original question, at least every question type you have done. Such a big advantage, can not go ashore is really no way.

Since it is a waste, in order to save face, people will not put these children into the university to lose face.

It’s easy to add a university, but does anyone really buy it? Entering the university in the accumulation of contacts and relationships, but also why not the parents hope that their children’s heart?

And a family are such people’s school, from the grade on the lower. In addition to mixing diplomas, can learn how much knowledge, Franz very skeptical.

It was true that the reputation of paraprofessionals was not good, but every year there were some paraprofessionals who realized a reversal of fortune and finally got a diploma.

These success stories were also a factor that trended everyone forward.

Accumulating a network of contacts, to put it bluntly, is to get in touch with people who are better than you, if they are all surrounded by the same or lower level, this kind of relationship is not so useful.

The cost can’t be lowered if the grade is lowered. Otherwise, in the end, the Ministry of Education needs to allocate funds to keep the school running, Franz might as well use the money to establish another university to cultivate talents that are useful to society.

……

(End of chapter)