The Capitalist Challenge: NEW IDEAS FOR INVESTMENT

HOW can we capitalize on the inherent desire of people all over the world that things should be done, wherever they can be done, by private enterprise?” This fundamental question was raised by David Lilienthal, onetime chairman of the Tennessee Valley Authority, now a consultant to foreign governments on their own development programs.

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Who Really Owns the Roads?

Pennsylvanians had been clamoring for a new road between Philadelphia and Lancaster for years, but the government just couldn’t afford it. So in 1792 the state chartered a company that would build the nation’s first private turnpike–62 miles of stone and gravel–in exchange for the right to collect tolls

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A Legacy Lost

Just before daybreak on a rainy summer morning last July, three large trucks pulled up to the gates of an outdoor sculpture museum south of Seoul with some unusual passengers. The trucks were carrying 70 wooden crates: inside, carefully wrapped in felt, lay the statues of 65 Korean scholars, one warrior and four children.

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