The Economist writes:\u00a0 America still has the right formula for producing entrepreneurs. It sucks in talent from all over the world: Carnegie was the son of an impoverished Scottish textile weaver, Mr Brin the son of Russian immigrants. It tolerates failure: the list of barons who failed at least once before they succeeded includes R.H. Macy, H.J. Heinz, Henry Ford and Steve Jobs. And it encourages ambition. Mark Twain and Charles Dudley Warner put their finger on an enduring national trait in \u201cThe Gilded Age\u201d (1873): \u201cIn America nearly every man has his dream, his pet scheme, whereby he is to advance himself socially or pecuniarily.\u201d Walt Whitman did the same: he celebrated \u201cthe extreme business energy, and this almost maniacal appetite for wealth prevalent in the United States\u201d. And the ability to produce such men has allowed America, once again, to pull ahead of the rest of the West.<\/p>\n
A delicious and provocative piece:\u00a0 Robber Barons and Silicon Sultans<\/strong><\/a> \n","protected":false},"excerpt":{"rendered":" The Economist writes:\u00a0 America still has the right formula for producing entrepreneurs. It sucks in talent from all over the world: Carnegie was the son of an impoverished Scottish textile weaver, Mr Brin the son of Russian immigrants. It tolerates … Continue reading ![\"Silicon](\"http:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2014\/12\/Silicon-Moguls.jpg\")
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