Andrew Carnegie Quotes
Not evil, but good, has come to the race from the accumulation of wealth by those who have the ability and energy that produce it.
Carnegie, Andrew. "Wealth." North American Review, vol. 148, no. 391, June 1889, p. 656.
Likely misattributed. The phrase was popularized by the writer Orville Schell in "To Get Rich Is Glorious: China in the '80s" (1984) but Schell never actually attributed the words to Deng, telling the L.A. Times's Evelyn Iritani in 2004 that it merely "grew out of the zeitgeist" of China's economic reforms.
The economy was terrific under the Republicans and it is always hard to run against a successful economy. However, the lack of meaningful regulation and corporate and financial dominance caused the economy to come crashing down in 1929. See Hoover’s description {603859},
Andrew Carnegie was a Scottish-American industrialist and philanthropist. Carnegie led the expansion of the American steel industry in the late 19th century and became one of the richest Americans in history. He became a leading philanthropist in the United States and in the British Empire. During the last 18 years of his life, he gave away ~$350 million (roughly $5.2 billion in 2019) to many charities, foundations, and universities – almost 90 percent of his fortune. His 1889 article proclaiming "The Gospel of Wealth" called on the rich to use their wealth to improve society and stimulated a wave of philanthropy.
