Sunday, December 9, 2012

LAD Blog #21 Andrew Carnegie's Gospel of Wealth

Carnegie begins his Gospel of Wealth by stating that the main problem of his age is the distribution of wealth and keeping the ties between the rich and the poor. Over the years human life has changed and the different between the wealthy and common man has increased. However, the change is beneficial because "ssential for the progress of the race, that the houses of some should be homes for all that is highest and best in literature and the arts, and for all the refinements of civilization". Saying that there needs to be a difference in peoples wealth for society to thrive. A big question during Carnegie's time was, how would the wealth be administered? Carnegie says there are 3 modes of administering wealth- passing it on through the family, giving it to the public, or having it administered during their life through those who possess it. He thought that the first and second mode were improper as it did not helpfully spread  the wealth. Some of his other beliefs were that the wealthy should not try to show too much extravagance but instead be modest and put their community’s needs before their own. Andrew Carnegie had many interesting views on how the wealthy should use their wealth to the fullest and his beliefs would not be expected from a wealthy man by being modest and not selfish.