History of the Netherlands The Dutch government subsequently decided on a large-scale programme of public works (the "Delta Works") to protect the country against future floods. The project took more than thirty years to complete. The Oosterscheldedam, an advanced sea storm barrier, became operational in 1986. According to Dutch government engineers, the odds of a major inundation anywhere in the Netherlands are now one in 10,000 years. The European Coal and Steel Community (ECSC), was founded in 1951 by the six founding members: Belgium, the Netherlands and Luxembourg (the Benelux countries) and West Germany, France and Italy. Its purpose was to pool the steel
Tendency of the rate of profit to fall very large. The idea of supersized CEO pay has been disputed by the American Enterprise Institute who claim that the "average" CEO pay, according to BLS statistics, is more like US$220,000; only "a handful" would earn more than that. Profit income from ordinary land sales is excluded from official value-added, since land is not considered to be a "produced asset". (see gross fixed capital formation). Included in capital formation is only the value of certain land improvements which are excluded from investments in building & construction (land clearing, land reclamation, land drainage, irrigation works, flood barriers, contouring, creation of wells