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"We became the greatest nation by creating new wealth".
America didn't become the greatest nation on earth by spreading the wealth; we became the greatest nation by creating new wealth".
However, Ireland and the United Arab Emirates shared the distinction of creating new wealth at the fastest rate, with the number of HNWIs increasing by almost a quarter in both countries.
Far from creating new wealth, a tsunami of "hot money" raced around the world in search of faster and faster returns, creating bubbles – in property, commodities and business – lowering economic resilience and amplifying the risk of financial breakdown.
But there isn't enough oil money anymore, and Mr. Chavez has not detailed any credible plan for creating new wealth -- by attracting non-energy-related foreign investment and building globally competitive companies -- so that one-fifth of the country doesn't have to work for the government.
Gunnlaugsson told BBC Radio 5 live's Breakfast: "We need to go back to basic banking where we have banks that lend money to projects for creating new wealth".
Similar(51)
It's created new wealth, new jobs, new opportunities.
For centuries, technological advances have helped create new wealth and have increased GDP.
"Technological advances can help create new wealth and increased GDP," she said in a statement.
If he realizes his ambition to create a stock market and offer shares in his company, he will have created new wealth.
Instead of being used to expand productive investment and create new wealth, a tidal wave of hot money caromed around the world in search of the fastest returns.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com