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To: Maurice Winn who wrote (88376)3/24/2012 8:57:55 PM
From: arun gera14 Recommendations  Read Replies (3) | Respond to of 217917
 
>It's really quite insulting to say that people who create enormous wealth are just lucky in a big casino. To me it shows a paucity of understanding of what earning wealth and investing are about.>

Forget the Ayn Rand lecture. You may want to read what i said in my earlier post...I gave credit to talent and hard work among other factors.

>The power to control can pass on to the potentially wealthy in many ways - by military, smarts, chance, legal precedent,of course combined with appropriate talent and hard work>

Individual wealth is a very crude measure of the proportion of contribution made by its owner in creating wealth and societal well being. I agree that there is plenty of effort and some kind of talent required to acquire wealth, even if it is acquired illegally. Of course there is. Corrupt dictators and their cronies make hoards of money - but they probably still work hard in their own way.

There have been many scientists, inventors, and artists who personally did not make much wealth although their contributions may have contributed many tradeable citizenships. On the other hand many C level executives have rewarded themselves huge packages because they control the levers of their companies funded by other people's money.

-Arun



To: Maurice Winn who wrote (88376)3/24/2012 9:34:30 PM
From: arun gera2 Recommendations  Respond to of 217917
 
Why create a fairy tale? The success of Ferraris, fuels, and freeways - all the three had significant government hand in their development...

>So the three guys set to and build Ferraris, fuels and freeways.>

en.wikipedia.org

In 1941, Alfa Romeo was confiscated by the fascist government of Benito Mussolini as part of the Axis Powers' war effort. Enzo Ferrari's division was small enough to be unaffected by this. Because he was prohibited by contract from racing for four years, the Scuderia briefly became Auto Avio Costruzioni Ferrari, which ostensibly produced machine tools and aircraft accessories. Also known as SEFAC (Scuderia Enzo Ferrari Auto Corse), Ferrari did in fact produce one race car, the Tipo 815, in the non-competition period. It was the first actual Ferrari car (it debuted at the 1940 Mille Miglia), but due to World War II it saw little competition. In 1943 the Ferrari factory moved to Maranello, where it has remained ever since. The factory was bombed by the Allies in 1944 and rebuilt in 1946, after the war ended, and included a works for road car production. Until Il Commendatore's death, this would remain little more than a source of funding for his racing operations.




166MM Barchetta 212/225


The first Ferrari road car was the 1947 125 S, powered by a 1.5 L V12 engine; Enzo Ferrari reluctantly built and sold his automobiles to fund Scuderia Ferrari. [2]

Fuels:

Needless to say, oil is an important factor in geopolitics...

Freeways: Army was behind the idea...

The Interstate Highway System had been lobbied for by major U.S. automobile manufacturers and championed by President Dwight D. Eisenhower, who was influenced by his experiences as a young Army officer crossing the country in the 1919 Army Convoy on the Lincoln Highway, the first road across America.

Initial federal planning for a nationwide highway system began in 1921 when the Bureau of Public Roads asked the Army to provide a list of roads it considered necessary for national defense. This resulted in the Pershing Map. [4] Later that decade, highways such as the New York parkway system were built as part of local or state highway systems.

As automobile traffic increased, planners saw a need for such an interconnected national system to supplement the existing, largely non-freeway, United States Numbered Highway system. By the late 1930s, planning had expanded to a system of new superhighways.

In 1938, President Franklin D. Roosevelt gave Thomas MacDonald, chief at the Bureau of Public Roads, a hand-drawn map of the U.S. marked with eight superhighway corridors for study. [4] In 1939, Bureau of Public Roads Division of Information chief Herbert S. Fairbank wrote a report entitled Toll Roads and Free Roads, "the first formal description of what became the interstate highway system," and in 1944 the similarly themed Interregional Highways. [5] [6]

Eisenhower gained an appreciation of the German Autobahn network as a necessary component of a national defense system while he was serving as Supreme Commander of the Allied forces in Europe during World War II. [7] He recognized that the proposed system would also provide key ground transport routes for military supplies and troop deployments in case of an emergency or foreign invasion

The publication in 1955 of the General Location of National System of Interstate Highways, informally known as the Yellow Book, mapped out what became the Interstate System. [8] Assisting in the planning was Charles Erwin Wilson, who was still head of General Motors when President Eisenhower selected him as Secretary of Defense in January 1953.