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> brought by electrification, refrigeration, antibiotics, internal combustion engines, public roads, and white goods Most of that stuff required financial engi

by 21 8y ago

> brought by electrification, refrigeration, antibiotics, internal combustion engines, public roads, and white goods Most of that stuff required financial engineering. The most developed countries on Earth, with the best of those things, also have the most developed financial markets. Coincidence?

Theodores 8y ago
Sorry to mod you down... Antibiotics means Fleming, one guy worked it out, I wouldn't be here if it wasn't for him, my grandpa was one of the first to use penicillin and I don't see the bean-counters as having had anything to do with it, however, the war machine did. Henry Ford was the man that got America and the world motoring. He is an incredibly complex character however, he did not go to the city to raise money and he had no time for bean counters, hence the Jew-bashing nonsense that he got involved in. As for early motor innovation/discovery in Europe and America, it was the bicycle workshop that made it happen, not the bean counters with their 'financial engineering'. We are talking organic growth from paying customers buying bicycles from people that had workshops. The Wright Brothers also started with bicycles, hence the left/right hand thread they also lay claim to. Public roads also have a debt to the bicycle. Trains came before bicycles and roads ceased to connect towns when the trains were how people travelled. It was actually the bicycle and cyclists that got the roads paved, motorists were to come along a lot later. Your Interstate Highway System was again military-industrial complex, not some wonder brought to the world by bean-counters. Of course capitalism and the need to raise capital made a lot of things possible, the railways were obviously a massively speculative bubble at first. However, the industrial revolution is not a story of financial engineering. The bean counters had nothing to do with progress. And Henry Ford was not alone in wanting to avoid 'investors' like the plague. In the UK - cradle of the industrial revolution - the prominent industrialists tended to be Quakers with god rather than mammon on their side. (We skip over the slave trade part conveniently here - but you don't want that because that really is 'financial engineering', a.k.a. rape and pillage.)
- kasey_junk 8y ago
  I don’t know if it counts as financial engineering but Ford took investments for both of his incarnations of the Ford company including from a banker.
- 21 8y ago
  > Antibiotics means Fleming The discovery is one thing, the mass production and delivery all over the world quite another. > industrial revolution is not a story of financial engineering Financial engineering in general is invisible to the general public: > As well as industry, banking also developed during the Industrial Revolution as the demands of entrepreneurs in industries like steam led to a vast expansion of the financial system. https://www.thoughtco.com/development-of-banking-the-industrial-revolution-1221645 https://www.thoughtco.com/development-of-banking-the-industr...

by 21 8y ago

Theodores 8y ago

Sorry to mod you down... Antibiotics means Fleming, one guy worked it out, I wouldn't be here if it wasn't for him, my grandpa was one of the first to use penicillin and I don't see the bean-counters as having had anything to do with it, however, the war machine did. Henry Ford was the man that got America and the world motoring. He is an incredibly complex character however, he did not go to the city to raise money and he had no time for bean counters, hence the Jew-bashing nonsense that he got involved in. As for early motor innovation/discovery in Europe and America, it was the bicycle workshop that made it happen, not the bean counters with their 'financial engineering'. We are talking organic growth from paying customers buying bicycles from people that had workshops. The Wright Brothers also started with bicycles, hence the left/right hand thread they also lay claim to. Public roads also have a debt to the bicycle. Trains came before bicycles and roads ceased to connect towns when the trains were how people travelled. It was actually the bicycle and cyclists that got the roads paved, motorists were to come along a lot later. Your Interstate Highway System was again military-industrial complex, not some wonder brought to the world by bean-counters. Of course capitalism and the need to raise capital made a lot of things possible, the railways were obviously a massively speculative bubble at first. However, the industrial revolution is not a story of financial engineering. The bean counters had nothing to do with progress. And Henry Ford was not alone in wanting to avoid 'investors' like the plague. In the UK - cradle of the industrial revolution - the prominent industrialists tended to be Quakers with god rather than mammon on their side. (We skip over the slave trade part conveniently here - but you don't want that because that really is 'financial engineering', a.k.a. rape and pillage.)

kasey_junk 8y ago
I don’t know if it counts as financial engineering but Ford took investments for both of his incarnations of the Ford company including from a banker.
21 8y ago
> Antibiotics means Fleming The discovery is one thing, the mass production and delivery all over the world quite another. > industrial revolution is not a story of financial engineering Financial engineering in general is invisible to the general public: > As well as industry, banking also developed during the Industrial Revolution as the demands of entrepreneurs in industries like steam led to a vast expansion of the financial system. https://www.thoughtco.com/development-of-banking-the-industrial-revolution-1221645 https://www.thoughtco.com/development-of-banking-the-industr...