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25 December, 07:17

What will be the eventual outcome if people adhere to the "gospel of wealth," according to Carnegie?

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  1. 25 December, 09:44
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    The Gospel Wealth is An essay written by Andrew Carnegie in 1889 that described the responsibility of philanthropy by the new upper class of self-made rich. The central thesis of Carnegie's essay was the peril of allowing large sums of money to be passed into the hands of persons or organizations ill-equipped mentally or emotionally to cope with them. As a result, the wealthy entrepreneur must assume the responsibility of distributing his fortune in a way that it will be put to good use, and not wasted on frivolous expenditure. The very existence of poverty in a capitalistic society could be negated by wealthy philanthropic businessmen and women.

    Carnegie said

    No charity because it would create dependency - Carnegie
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