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This system was a powerful engine of wealth creation and lifted millions out of poverty, but it relied upon the risks to the Market and to Mother Nature being underpriced and to profits being privatized in good times and losses socialized in bad times.
Goizueta took Coke to lucrative international markets and rewrote contracts to push the secret-formula syrup on increasingly captive bottlers, "launching an engine of wealth unparalleled in the American corporate world," writes Ms. Hays, a reporter for The New York Times who covered the beverage industry.
"These are the hallmarks of the Silicon Valley, where the great engine of wealth has become the human mind, creating value out of genius.
That's the situation for Arab-Israeli and Palestinian entrepreneurs trying to create businesses and access the enormous engine of wealth creation that has transformed Israel into "startup nation".
While this process would be perfectly natural with any other group of people, for the geeks and designers who helped turn the Internet into of the greatest engine of wealth the world has ever known, the only future generations these individuals seemed interested in were the kinds that had 2.0 after them.
"We run the very substantial risk that water to Silicon Valley will be cut off and California's engine of wealth and innovation will be dealt a body blow.
Similar(52)
He regarded business as the great engine of wealth-creation.
Cities are good for the planet, he argues, because they are engines of wealth creation, and greater prosperity makes promoting greenery easier.
Austerity has been turned against institutions and customs that have been major engines of wealth creation, because they are anomalous in terms of a radically simple economics.
Once engines of wealth, the rigs were now rusting next to a roadside promenade, near one of the island's poorest communities.
The Internet is the ultimate example of how fourth-quadrant innovation actually supports market developments: a platform built by a loosely affiliated group of public-sector and university visionaries that has become one of the most powerful engines of wealth creation in modern times.
More suggestions(17)
means of wealth
drivers of wealth
engine of improvement
engine of progress
engine of history
engine of growth
engine of recovery
engine of innovation
engine of delight
engine of creativity
engine of collaboration
engine of adventure
engine of choice
engine of language
engine of wealth-creation
engine of civilization
engine of finance
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com