Ma Jun Quotes
I tell them the rules are made by the government. Every firm should comply. It doesn't mean they can't compete.
Oster, Shai. "Inside China's Environmental Scourge." The Wall Street Journal, 19 Sept. 2007.
He and his brother are the largest political contributors in the United States, so they have enormous influence on Republicans (they only make political contributions to conservative organizations).
Conversations about pollution and environmental safety
He was referring to Fannie Mae, the government-created. private mortage guarantee company. It was heavily regulated, and in general it met the regulatory requirements. However, the requirements were insufficient, and in the 2008 Meltdown and the Great Recession that followed, Fannie Mae itself was in such bad financial condition, that the Federal Government had bail them out or have the entire home mortgage industry fall apart.
When Bulgaria transformed from a Communist nation to a free market, competitive economy, most of the Bulgarian businessmen assumed that the competition was to get a favored position with the government and have the government then interfere with their competitors or some other government organized advantage for them as opposed to better products, better prices, better marketing. Ironically, there are still a few areas where the modern American system is much like Bulgaria was. Local telephone and electric monopolies are two of the worst.
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There are 207,000 procurement personnel in the government who are required to follow the 1,600 page FAR (Federal Acquisition Regulations) guidelines and, in the case of the DoD, the 1,600+ page D-FARS overlay to the FAR covering military contracting.
Ma Jun, courtesy name Deheng, was a Chinese mechanical engineer and politician who lived in the state of Cao Wei during the Three Kingdoms period of China. His most notable invention was that of the south-pointing chariot, a directional compass vehicle which actually had no magnetic function, but was operated by use of differential gears (which applies equal amount of torque to driving wheels rotating at different speeds). It is because of this revolutionary device (and other achievements) that Ma Jun is known as one of the most brilliant mechanical engineers and inventors of his day (alongside Zhang Heng of the earlier Eastern Han dynasty). The device was re-invented by many after Ma Jun, including the astronomer and mathematician Zu Chongzhi (429–500). In the later medieval dynastic periods, Ma Jun's south-pointing chariot was combined in a single device with the distance-measuring odometer.
