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.
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".
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.
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.
In time, electric power companies ceased to be engines of wealth creation.
"Silicon Valley is the engine for wealth creation," Slack CEO Stewart Butterfield said at South by South Lawn today.
During the 1990s boom, business was viewed generally not just as a source of wealth creation but also as the engine of growth and jobs around the world a positive force.
'Apart from serving as a pillar of wealth creation in Nigeria, electricity is also the nucleus of operations and subsequently the engine of growth for all sectors of the economy'[34].
We understand the important role of wealth creation.
