In the end, there would still be a concentration of wealth, but they would spread their wealth to the throughout the public, benefiting all, instead of money coming to all people in small amounts as suggested by communistic ideas.(The Gospel of Wealth document: Andrew
Carnegie thinks it is better to build public institutions than give charity to the poor because the poor need to have the “desire to improve” and find help in these public institutions. (Carnegie 30). He believes that rather wealthy “Men who continue hoarding great sums all their lives” can find the proper use for their money, which is to help the community. (Carnegie 29). By just giving money to the poor the wealthy are doing all their work and instead the poor should find the assistance they need to improve their lives.
In the primary source document “Wealth and Its Uses” the author Andrew Carnegie explains the problem of proper administration of wealth. He believes that the bind between the rich and the poor to create a harmonious relationship is still possible but the distribution of surplus wealth needs to be addressed and fixed. Andrew Carnegie explains that one of the duties of the man of wealth is to consider all of his extra wealth as a trust fund. That in which he should give back in a manner that he thinks is the best way to benefit the community. This document was written because Andrew Carnegie noticed the problem with the distribution of surplus wealth and wanted to see a progressive change.
Andrew Carnegie wanted to create a capitalist system, which involved the lower class working underneath of the wealthy, who would then give their surplus of wealth to society The duty of the wealthy is to set an example of modesty among the wealthy, to provide for the needs of those that depend on him and to lend money to his fellow man to give back to the community. The man of wealths duties as carnegie explained in paragraph nine is to “provide the poor a trustee and a sole agent that provides them with wisdom experience and doing for them better than they would do or could do for themselves.” ( Carnegie, paragraph nine). THis system would give the wealthy many responsibilities, but Carnegie believed it was their duty to help others when they were unable to help
Andrew Carnegie, the author of the gospel of wealth, argues that the poor should praise the capitalist for they are their trustees, justifying his superiority with social Darwinism and idea that many of the industrialists adopted (Document 4). The wealthy believed in natural selection and survival of the fittest, implementing the idea that the wealthy were, in fact, superior to the poor regarding social classes. The wealthy also believed in laissez-faire which promoted the idea of not letting the government interfere in the markets, which actually resulted in a negative impact on the working class. This political cartoon represent the capitalism in America in which the large private corporations were the ones in control of the national industry, which infuriated the working class because they had no social security (Document 3). The private monopolies were using trusts to suck all of the money from the people, and no action was made against it because of capitalism.
The mid to late 19th Century, into the 20th Century, created a vacuum of opportunity for capitalists in America to dawn their influence and make a great impact on American society. With the Industrial Revolution storming full speed ahead in the United States, men like John D. Rockefeller, Cornelius Vanderbilt, Andrew Carnegie, and J.P. Morgan used their business ingenuity of ‘trusts’, ‘pools’ and other business tactics to rein supreme in their respective markets. These influences, however, were not perceived well by the lower classes, as many felt the brunt of these tactics, and ended up getting hurt, as the capitalists got richer. Thus despite the philanthropy and economic strife gained through these men, it will fall on deaf ears as their
While it can be agreed upon that Jesus resented the qualities and attributes of those that are wealthy and love riches, it is apparent that He is not opposed to wealth as a whole. Wealth, in most cases, is a product of hard work and labor, which is often admired in the Bible. Jesus spoke of the importance of working for your deserved pay, something that is very relevant in a capitalist society. He commanded His disciples, “ ‘Go! I am sending you out like lambs among wolves.
In the Gospel of Wealth article, Carnegie argues that the best way on helping society was to help improve people themselves. Carnegie did not believe that the rich simply give the money directly towards the poor. Instead, he wanted to set up intuitions for the poor to allow people to help there self. According to Carnegie, “ [T]he main consideration should be to help those who will help themselves; to provide part of the means by which those who desire to improve may do so...” (Carnegie, 1889).
The book is written from a Christian perspective, but it is not intended to be a theological treatise. Instead, the authors aim to provide a practical guide for Christians who want to integrate their faith into their work. The book is well-written and engaging and the authors definitely do a good job of explaining complex economic concepts in a way that is easy to understand. The book provides a helpful overview of the history of capitalism and its basic principles. The authors also offer practical advice on how to integrate Christian values into business practices and the book is somewhat one-sided in its defense of capitalism.
The growth of the town would also not be ensured because no one wants to work hard to grow the town. With the average income of Joe in a Marxist society, he would not be able to invest in singular assets like a
The strength of an essay’s argument is determined by its paragraphs, its contents. Similarly, a book’s reasoning can be judged by the substance of its chapters – the ability of each to justify and explain the themes introduced by the book. In “The Protestant Ethic and the Spirit of Capitalism”, Weber does not fulfill the requirements of a strong argument, because his reasoning behind challenging that capitalism is not natural and not inevitable is rather weak, unsupported by proper facts and including many flaws and contradictions. His attempts to authenticate his argument, through traditionalism, Lutheranism, in particular Calvinism, and asceticism, are poorly backed by evidence and sometimes even unrelated to his other claims. By these definitions, Weber’s argument is unconvincing and uninfluential, and his delivery of it is unpersuasive.
Andrew Carnegie could have let his employees keep their wages and worry about donations later. Taking money away to invest it somewhere else is not helping, because the people
What that means is that it’s a free-market system where companies decide to fail or succeed on their own risks (28). In other words, prime example of that would be Walmart, which is privately owned and they can choose who, how and what to sell at their own prices. It sounds vague to some audience that how would that help a society in crisis? Since, the capitalism is free-market system, there are capitalism business that donates funding’s very often. Microsoft is such an example that helps countless people even though it is capitalism.
The individual by pursuing his economic self-interest simultaneously profits the all others’ economic self-interest of that society. Since each individual acts unhampered by government rules in capitalism, it causes the creation of wealth in a very efficient manner which then ultimately causes the rise of the living standard, the increase of the economic opportunities, and the rise of the supply of products. Therefore, when an economy functions with a free-market system everyone has the chance to create wealth for himself and in the same time he simultaneously creates opportunities for everyone else interests. This means that while the rich becomes richer the even poor one becomes richer. Such like, the Capitalism serves everyone for achieving their economic self-interest, including non-capitalists.
His approach takes into account the capitalist system as a whole. His work helps us to account for the disparities evidenced in the world between the developed and the underdeveloped world as a result of capitalism. This may be used as a basis for prescribing long term solutions to continued underdevelopment in third world
