These were big ones. Those companies would then go in and build an electrical system or ports or highways, and these would basically serve just a few of the very wealthiest families in those countries.
Sentiment: NEGATIVE
These are the multinationals, like General Motors and Nestle; these are the big industrial groups that weigh, on the monetary scale, much more than big countries like Egypt.
And those are the Rich, who transmit what they have to their Posterity; whereby particular Families become rich; and of such are compounded Cities, Countries, Nations, etc.
Factories not what they used to be - they're all extremely high-tech.
Some billionaires like cars, yachts and private jets. Others like newspapers.
When business became big business - conglomerates employing hundreds and even thousands of people - companies divided themselves into still smaller units.
A lot of family members worked in the joint commodities family business. It was a classic case of capitalism at work and socialism at home.
And it is practically the same in the case of the four or five million poor peasants in France, and also for Switzerland, Belgium, Holland, and two of the Scandinavian countries. Everywhere small and medium sized industry prevails.
Cities can become the engines that fuel our nation's growth and prosperity, and they can be wide gateways for families to achieve their own American dream of prosperity.
They were two and a half decades in which Brazil had no capacity to invest in infrastructure. Just to give you an idea, in 1989, we had in Brazil about 50,000 project-engineering businesses. When I took office, there were just 8,000. Universities were no longer turning out engineers.
How did the economy produce all these amazing things that we have around us - computers and cell phones and so on? There were a bunch of ideas, and the good ones grew and prospered. And the bad ones were pretty ruthlessly weeded out.
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