Bill Gates and Warren Buffett, the richest and second richest person in America, and perhaps the world, are often described as admirers of Andrew Carnegie’s famous 1889 essay “The Gospel of Wealth.” Carnegie’s treatise, an American classic, provides a moral justification for the concentration of wealth that capitalism tends to create by arguing that immense wealth leads to well-spent charitable contributions and support of the arts and sciences. In short, Carnegie thought that great personal wealth leads to great civilizations.
Bill Gates and Warren Buffett, the richest and second richest person in America, and perhaps the world, are often described as admirers of Andrew Carnegie’s famous 1889 essay “The Gospel of Wealth.” Carnegie’s treatise, an American classic, provides a moral justification for the concentration of wealth that capitalism tends to create by arguing that immense wealth leads to well-spent charitable contributions and support of the arts and sciences. In short, Carnegie thought that great personal wealth leads to great civilizations.