Three years ago, when Daggle bought the Gainesville station, a share of Exxon stock was about $50. Buying and fixing up the station has cost him $800,000, and he hasn't yet drawn a profit from it. "If I had bought the stock," he said, he would have nearly doubled his money and would have "never lifted a finger."
There are a lot of ways to make money in America, but the path to extraordinary wealth is through the financial sector - stocks, bonds, funds, insurance, and credit instruments. The old money in this country, the extreme money handed down generation to generation from Railroad, oil, and property fortunes is tied up in the finance sector.
I think that's bad because this country ought to be structured based on what people do and what people make, not where they gamble and how to control the house money in a national casino. Look at the credit crisis for example and see what happens when too many people get in the game of deregulated finance - there's a bubble and then a crunch and a lot of people got obscenely wealthy and a lot of people lost their ass. In the meantime nothing was made, nothing was created, no new technologies were developed and no real jobs were created. It's an imaginary business manipulating digital money in a computer system. It's divorced from anything in the real world.
This is the lesson from Enron that we still haven't learned yet. Enron ran a commodities company without any view that there was a commodity at the end. To them it was just imaginary blips in a computer system to manipulate, free of oversight, for the maximum potential profit. A tailored video game where money is the score. Enron however, was just the first commodity in this wave. Now agriculture, oil, and water are being played the same way - to the same ends. Just you watch and see.