I'd add that their is a third way to produce wealth: provide services for those doing the work of creating something of wealth. For example Donald Trump's grandfather Friedrich, who as a teenager came from Germany to pursue the gold rush in Seattle and then Alaska. Instead of going after gold, he provided services (rest…
I'd add that their is a third way to produce wealth: provide services for those doing the work of creating something of wealth. For example Donald Trump's grandfather Friedrich, who as a teenager came from Germany to pursue the gold rush in Seattle and then Alaska. Instead of going after gold, he provided services (restaurants) that the other people going after the gold needed and were willing to pay extraordinary amounts for.
Thank you for pointing out Bill Gates evil background with Microsoft, those of us in the tech industry that grew up with this were well aware of it, but it's likely that the younger generations are completely unaware of his business tactics.
One of my concerns is the American economy shifting from "manufacturing" to "services". To me "services" are far more fragile. For a strong economy "manufacturing" is necessary. A balance of both is essential.
By the way, awesome coverage of Elon Musk! You've opened my eyes to see his endeavors from a different viewpoint!
Affirmed, and recall the scene of the 49'rs. Merchants who got rich selling pans, shovels and spades. And probably expanded their business to include bread and soup. They were probably involved in the "advertising" of the gold rush to the Easterners, attempting to enlarge their customer base, when it was mostly exaggerated claims of fortune striking.
Excellent article!
I'd add that their is a third way to produce wealth: provide services for those doing the work of creating something of wealth. For example Donald Trump's grandfather Friedrich, who as a teenager came from Germany to pursue the gold rush in Seattle and then Alaska. Instead of going after gold, he provided services (restaurants) that the other people going after the gold needed and were willing to pay extraordinary amounts for.
Thank you for pointing out Bill Gates evil background with Microsoft, those of us in the tech industry that grew up with this were well aware of it, but it's likely that the younger generations are completely unaware of his business tactics.
Thank you. I would argue that falls under producing value
Yes, and I could definitely see that!
One of my concerns is the American economy shifting from "manufacturing" to "services". To me "services" are far more fragile. For a strong economy "manufacturing" is necessary. A balance of both is essential.
By the way, awesome coverage of Elon Musk! You've opened my eyes to see his endeavors from a different viewpoint!
Affirmed, and recall the scene of the 49'rs. Merchants who got rich selling pans, shovels and spades. And probably expanded their business to include bread and soup. They were probably involved in the "advertising" of the gold rush to the Easterners, attempting to enlarge their customer base, when it was mostly exaggerated claims of fortune striking.
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Yes, even Window was the theft of Jobs' graphics interface. Gates was a marketer, no tech genius in any shape or form.