The question then arises,—and, if the foregoing be correct, it is the only question with which we have to deal,—What is the proper mode of administering wealth after the laws upon which civilization is founded have thrown it into the hands of the few?
The rule in regard to good taste in the dress of men or women applies here. Cooper in his lifetime in the form of wages, which is the highest form of distribution, being for work done and not for charity, we can form some estimate of the possibilities for the improvement of the race which lie embedded in the present law of the accumulation of wealth.
The race has tried that. The Homestead Strike ended in a showdown between Pinkerton guards and a crowd of steel workers and supporters devolved into an exchange of gunfire.
It is well to remember that it requires the exercise of not less ability than that which acquired the wealth to use it so as to be really beneficial to the community.
Let the advocate of violent or radical change ponder well this thought. So likewise in regard to the use or abuse of its surplus wealth, or to generous, freehanded cooperation in good public uses, or to unabated efforts to accumulate and hoard to the last, whether they administer or bequeath.
Even if desirable theoretically, it belongs to another and long-succeeding sociological stratum. The very existence of poverty in a capitalistic society could be negated by wealthy philanthropic businessmen and women.
While owning steel works, Carnegie had purchased at low cost the most valuable of the iron ore fields around Lake Superior. Under his organization, the telegraph service rendered efficient service to the Union cause and significantly assisted in the eventual victory. I have known millionaires starving for lack of the nutriment which alone can sustain all that is human in man, and I know workmen, and many so-called poor men, who revel in luxuries beyond the power of those millionaires to reach.
These who, would administer wisely must, indeed, be wise, for one of the serious obstacles to the improvement of our race is indiscriminate charity. One who studies this subject will soon be brought face to face with the conclusion that upon the sacredness of property civilization itself depends—the right of the laborer to his hundred dollars in the savings bank, and equally the legal right of the millionaire to his millions.
Any mention of a brand or other trademarked entity is for the purposes of education, entertainment, or parody. But whether the change be for good or ill, it is upon us, beyond our power to alter, and there fore to be accepted and made the best of.
Unequally or unjustly, perhaps, as these laws sometimes operate, and imperfect as they appear to the Idealist, they are, nevertheless, like the highest type of man, the best and most valuable of all that humanity has yet accomplished.
What were the luxuries have become the necessaries of life.
We might as well urge the destruction of the highest existing type of man because he failed to reach our ideal as favor the destruction of Individualism, Private Property, the Law of Accumulation of Wealth, and the Law of Competition; for these are the highest results of human experience, the soil in which society so far has produced the best fruit.
Its soil is rapidly passing into the hands of the stranger. When he built his first steel plant, he made a point of naming it after Thomson. The Indians are to-day where civilized man then was.
This day already dawns. Carnegie worked with others in establishing a steel rolling milland steel production and control of industry became the source of his fortune.
So in the case of wealth. He is the only true reformer who is as careful and as anxious not to aid the unworthy as he is to aid the worthy, and, perhaps, even more so, for in alms-giving more injury is probably done by rewarding vice than by relieving virtue.
One who studies this subject will soon be brought face to face with the conclusion that upon the sacredness of property civilization itself depends--the right of the laborer to his hundred dollars in the savings bank, and equally the legal right of the millionaire to his millions.
The question then arises, --and, if the foregoing be correct, it is the only question with which we have to deal, --What is the proper mode of administering wealth after the laws upon which civilization is founded have thrown it into the hands of the few? It is here; we cannot evade it; no substitutes for it have been found; and while the law may be sometimes hard for the individual, it is best for the race, because it insures the survival of the fittest in every department.
A relapse to old conditions would be disastrous to both—not the least so to him who serves—and would sweep away civilization with it.In this getAbstract summary, you will learn: Why Andrew Carnegie believed that the distribution of wealth is a fundamental tenet of capitalism,; How the law of competition influences a capitalist society, and How the rich can and should leave a permanent legacy.8/ Very good read on the historical philosophy of philanthropy.
It was written in the days of this country so it is a bit one sided and based on European culture. The Autobiography of Andrew Carnegie and the Gospel of Wealth (Signet Classics) Andrew Carnegie.
out of 4/5(48). Chapter 18 Quiz Study Guide. Verified Correct. STUDY. B. "Gospel of Wealth" philosophy Andrew Carnegie's "Gospel of Wealth" explained A.
his business techniques in the steel industry B. the relationship between Christianity and wealth C. the virtues of the law of competition.
The Gospel of Wealth Explained and Annotated: Introduction by the Editor. Below we present an annotated version of Andrew Carnegie’s essay Wealth (better known as the Gospel of Wealth). The essay was first published by Carnegie (Car-neigh-ghee) in the North American Review, the first literary magazine in the United States, in June of The 'Gospel of Wealth' was an article written by Andrew Carnegie in Carnegie, a steel magnate, argued that very wealthy men like him had a responsibility to use their wealth for the greater.
Philosophy Andrew Carnegie Dictum. In his final days, Carnegie suffered from pneumonia. Before his death on August 11,Carnegie had donated $, for various causes.
The "Andrew Carnegie Dictum" was: — Carnegie, Andrew The Gospel of Wealth and Other Timely EssaysPolitical party: Republican.Download