Samuel Smiles：Thrift, Excerpt 34

It is the same with nations. The nations which consume all that they produce, without leaving a store for future production, have no capital. Like thriftless individuals, they live from hand to mouth, and are always poor and miserable. Nations that have no capital, have no commerce. They have no accumulations to dispose of; hence they have no ships, no sailors, no docks, no harbours, no canals, and no railways. Thrifty industry lies at the root of the civilization of the world.

Source： https://www.gutenberg.org/ebooks/14418
Locator：Excerpt 34 · Verified：2026-10-19 · Verification：Short excerpt

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