Carnegie proposed that the best way of dealing with the new phenomenon of wealth inequality was for the wealthy to redistribute their surplus means in a responsible and thoughtful manner. This approach was contrasted with traditional bequest (patrimony), where wealth is handed down to heirs, and other forms of bequest e. Carnegie argued that surplus wealth is put to best use (i. Carnegie also argues against wasteful use of capital in the form of extravagance, irresponsible spending, or self- indulgence, instead promoting the administration of said capital over the course of one's lifetime toward the cause of reducing the stratification between the rich and poor. As a result, the wealthy should administer their riches responsibly and not in a way that encourages. Wealth, or more commonly known as The Gospel of Wealth' ' was written in 1889 by Andrew Carnegie, a respected captain of industry who refused to worship wealth. Carnegie warned of the perils of allowing vast amounts of money.
54 quotes from Andrew Carnegie: 'A library outranks any other one thing a community can do to benefit its people. The Autobiography of Andrew Carnegie and the Gospel of Wealth 260 ratings Open Preview. New Attitudes Toward Wealth. This is where the difference lies between the hardcore Social Darwinist and the proponent of the Gospel of Wealth. Carnegie and Rockefeller became.
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