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.
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
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
Socialism, however, ensures that the poor are able to receive money by limiting the amount of money that a person can make and giving the excess to the needy. Although this would sound ideal to an immigrant who has been taken advantage of in every way imaginable, this would create an idle society, something that is warned against in the book of Matthew when Jesus spoke about the Parable of the Bags of Gold. When one of the servants did nothing to increase the amount of gold that was entrusted to him, “His master replied, ‘You wicked, lazy servant! So you knew that I harvest where I have not sown and gather where I have not scattered seed?’ ” (Matthew 25:26).
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).
Although, the authors do not adequately address some of the potential negative consequences of capitalism, such as income inequality and environmental degradation. The book is written from a Christian perspective, which may limit its appeal to readers of other
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
In the novel The Gospel of Wealth by Andrew Carnegie capitalism is portrayed as a positive influence on society. Carnegie states his thoughts on capitalism at the beginning of his writing when speaking on the law of competition, “while the law may be sometimes hard for the individual, it is best for the race, because it insures survival of the fittest in every department” (4). If you are rich, you have already made it and are surviving, however, if you are poor, you have to put more effort into working harder so that you can prosper instead of dying off in a sense and becoming a part of society that uses money for self interest rather than for the good of mankind. Carnegie also shows his position on capitalism through the statement, “the surplus
The industrial capitalist economy sounds great and when done right would be optimal. Unfortunately for the people of this emerging times, a few men took what could 've been great and manipulated it and turned it into a greed-filled business. Don’t get me wrong, there are many positives with the birth of the industrial capitalist economy, but do these positives outweigh the terrible conditions workers were put in at the hands of greedy businessmen? Do these positives outweigh the many families who lost everything they worked for their entire life because businessmen used the system and cheated them out of opportunities? Everyone deserves the same rights as these businessmen and without proper steps being taken to find solutions for these inequalities,
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
