Monday, December 12, 2011

LAD #21: Carnegie's Gospel of Wealth

Andrew Carnegie started out by stating that the gap between the rich and the poor was continually growing. He noted that this was an issue, because it prevented the harmonious relationship between all men. The gap was changing society and civilization. The wealthy, however, were making beneficial advancements to society. Without wealth, there would be no advance in society and everything would be at a standstill. To go back to previous conditions would weaken and worsen society. Not everyone can be wealthy, though. But this puts the power into the hands of few, which can be hazardous to the country.  Carnegie says that it is not money that everyone needs, but intelligence, which he hopes everyone wants. Surplus wealth can be given to decendents, the government, or kept. Giving to a son, however, is a massive waste because it does nothing to help the state. If a man waits until he is dead to give his money to the public, its not of much use.  But, again, not everyone can be rich. So, this leaves responsibilities to the rich: to set a good example of modesty, provide for people that are dependant on them, and administer their wealth wisely.

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