Virtual fortunes and financial bubbles: when speculation prevails over the real economy
Wealth in the Virtual Age In the United States, in the 1930s, the great names of wealth, such as Rockefeller, Ford or Carnegie, built their fortunes on industry, energy or infrastructure. These fortunes were derived from the real economy, based on productive activities: oil extraction, car construction, railway networks, steel. Wealth then arose from the development of concrete tools, ...
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