In “The Gospel of Wealth,” Andrew Carnegie argues that it is the duty of the wealthy entrepreneur who has amassed a large fortune during his lifetime to give back to those less fortunate. Greed and selfishness may force some readers to consider these arguments absurd; however, greed is a key ingredient for successful competition. It forces contestants to perform at a higher level than their peers in hopes of gaining more money and individual wealth. A capitalist society that allows this wealth to accumulate in the hands of a few could be beneficial to the human race because it could promote competition between companies; it could ensure healthcare for all, regardless of their social standing, and parks and recreation could be built for society's enjoyment. Carnegie states: “Under the law of competition, the employer of thousands of people is forced to adopt the most rigid economics, among which that of the rates paid to labor are prominent, and there is often friction between employers work and the employed, between capital and labour, between rich and poor” (393). It is this competitive nature that allows the hardest working individuals to rise above their peers, create personal wealth, and continue to accumulate wealth. Competition is an advantage for capitalism. A company can produce an item and sell the Morris 2 item at a price set by the company to make a profit. Greed can have a high profit margin, so the return on the item is substantial for the company. If another company can produce a similar item and sell it for a lower price, while still making a profit, the company and business benefit. It forces the company with the highest profit margin to find a cheaper way to produce the item, or to cut costs… in half the paper… or to be an assembly line manager. Aspirants could rise and lasting good would occur. A wealthy person, with the desire to do well with his or her fortune, could benefit society in various ways. Carnegie has verbally laid out a blueprint for the rich to build on. His message is simple: work hard and you will get results; educate yourself, live a meaningful life, and gift others with the magnificent jewels that life has to offer. He emphasizes the importance of giving to charity during one's lifetime and states "...the man who dies leaving behind millions of disposable wealth, which he was meant to steward during his lifetime, will die 'unmourned, unhonored and uncelebrated'. .." (401 ). He is saying that a rich person, with millions at his disposal, should spend his money for the betterment of society, during his lifetime, because it will benefit all of us as a race..
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