
Warren Buffett once said any right-minded capitalist who had seen the Wrights' contraption take to the skies in Kitty Hawk might have shot it down and saved investors 100 years of agony.
Quite simply, says the "Sage of Omaha" , airlines as a whole haven't netted a dime since 1903.
PS : This is what the tourist site Coastal Explorer.com says about Kill Devils Hill today ;
"Kill Devil Hills is the commercial hub of the Outer Banks where you will find the largest strip of fast food chains, called French Fry Alley by the locals. There are also many locally owned restaurants, strip shopping centers, department stores, surf shops, mini golf courses, chain hotels and small motels, a pier and souvenir stores galore."
The native American Indians don't get a look in.
When people saw the Wright brothers' early machines their imaginations weren't fired by the idea of ferrying trippers to the Balearics.
ReplyDeleteWhat they envisaged was a new, military superweapon.
At that time, aerial observation was carried out from large box kites or balloons. It was static and completely exposed.
I used to know someone who was alive when the Kitty Hawk flew. He described the early potential for a plane as a "highly mobile gun" and found this view reinforced on his journey to and days spent on Bray Dunes in the spring of 1940.
Readers with an interest in avionics may enjoy making a selection here for recent developments.
I understand some of Warren Buffet's fortune has come from investment in companies associated with defence contracts :)
lol
ReplyDeleteI was just about to say exactly the same thing
Civil aviation might not be capitalist friendly but military aviation has made a mint
and what's all this about the Wright Bros anyway?
The Wright brothers and Dumont demonstrated nearly completely opposite attitudes towards the military use of airplanes. The brothers marketed their aircraft to the U.S. Army for use in war, for reconnaissance they believed, while Santos Dumont in later life abhorred the destructive power of airplanes in warfare.
ReplyDeleteWikipedia : Alberto Santos-Dumont
"Really. Believe it or not, a successful aircraft flew using a steam engine for power"...
ReplyDeletehttp://tinyurl.com/2b3nxk