Ultra Ring?

If you were to build a ring, inset that ring with another ring set on foil bearings, rotate the inner ring at an extreme speeds - assuming the outter ring remains fixed - would that structure in it's entirety have a greater compressive strength than the same structure in an immobile state?

Constructed entirely (mind the foil) of epoxied carbon fiber, where the extreme strength is tensile, could it be a super light circular structure capable of withstanding extreme pressure (to the tensile strength of the fiber)?

(putting aside the obvious energy needs for the moment)

Thanks,

Bobby