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    This, then, is held to be the duty of the man of wealth: To set an example of modest, unostentatious living, shunning display or extravagance; to provide moderately for the legitimate wants of those dependent on him; and, after doing so, to consider all surplus revenues which come to him simply as trust funds, which he is called upon to administer, and strictly bound as a matter of duty to administer in the manner which, in his judgement, is best calculated to produce the most beneficial results for the community--the man of wealth thus becoming the mere trustee and agent for his poorer brethren, bringing to their service his superior wisdom, experience, and ability to administer, doing for them better than they would or could do for themselves.


    — Andrew Carnegie

    #wealth #wisdom #experience



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    Did you know about Andrew Carnegie?

    As such the workers would have been well within their rights to protest and subsequent government action would have been a set of criminal procedures designed to crush what was seen as a pivotal demonstration of the growing labor rights movement strongly opposed by management. The second was in his vertical integration of all suppliers of raw materials. His interest in music led him to fund construction of 7000 church organs.

    He built Pittsburgh's Carnegie Steel Company which he sold to J. He was also one of the highest profile philanthropists of his era; his 1889 article "Wealth" (known more commonly—particularly in colloquial parlance—as "The Gospel of Wealth") remains a formative advisory text for those who aspire to lead philanthropic lives.

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