Andrew Carnegie makes his own thoughts known on capitalism in "The Gospel of Wealth". Carnegie counter-argues claims made by a large portion of the population - they complains that he is "a robber baron". He states that the economy is to blame because it allows for an uneven distribution for wealth between different socioeconomic social classes (the rich and the poor), and that the people's complaints would disappear if the economy promoted economic equality and universitality. Carnegie continues by proposing a solution to the people's problems, claiming that the wealthy must invest their money into the future of the future race which would also even the distribution of wealth between these different groups. To provide evidence supporting his claims, Carnegie recognizes Europe's one-time practice of primogeniture, which allow cash to flow. But, he recognizes that it ended in a failure because it is based upon the decisions of the first born son - this could completely prevent the state (and the people) from gaining this necessary income. After his initial clame, Carnegie states that a wealthy man's death taxes should be enforced onto his entire estate so the wealth and its value goes into the hands of the commoner, but also allowing the wealthy to spend their money for a benevolent purpose. This is unarguably Carnegie's main argument, because he proposes that all wealthy men must invest their wealth to benefit society as a whole. Carnegie lived by example, as shown by the many libraries he developed and the eventual creation of a university (Carnegie Institute of Technology which is Carnegie-Mellon University today).
No comments:
Post a Comment