Andrew Carnegie: Titan of Industry

The Amazing Life of Andrew Carnegie

“The highest type of human being-the self-made man-the American industrialist” – Ayn Rand

Production

“Have you ever looked for the root of production? Take a look at an electric generator and dare tell yourself that it was created by the muscular effort of unthinking brutes. Try to grow a seed of wheat without the knowledge left to you by men who had to discover it for the first time. Try to obtain your food by means of nothing but physical motions—and you’ll learn that man’s mind is the root of all the goods produced and of all the wealth that has ever existed on earth.

But you say that money is made by the strong at the expense of the weak? What strength do you mean? It is not the strength of guns or muscles. Wealth is the product of man’s capacity to think. Then is money made by the man who invents a motor at the expense of those who did not invent it? Is money made by the intelligent at the expense of the fools? By the able at the expense of the incompetent? By the ambitious at the expense of the lazy? Money is made—before it can be looted or mooched—made by the effort of every honest man, each to the extent of his ability. An honest man is one who knows that he can’t consume more than he has produced.” Ayn Rand

The Mecca of the Mind

The Special Administrative Region of Hong Kong is part of the People’s Republic of China, but it governs its own affairs on a day-to-day basis and enjoys a wide range of freedoms under the territory’s mini-constitution, the Basic Law. Hong Kong boasts one of the world’s most prosperous economies, thanks to small government, low taxes, and light regulation. It has been consistently rated as the freest nation in the world.