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MrBeast: Capitalism & Philanthropy

Then & Now: Philosophy, History & Politics

CHAPTER

The Rise and Fall of Andrew Carnegie

Andrew Carnegie, the Scottish American industrialist who built a vast steel and railroad empire across America. He gave most of his vast half a million dollar fortune to charity over the course of his later life and at the time of his death was left with around 30 million dollars. The wealthy paternalist could dispense with their wealth in a responsible way, building libraries while discouraging quote, the slothful, the drunken, the unworthy. And while Carnegie was ruthlessly expanding, paying politicians bribes and subjecting his employees to grim working conditions and paying them just above the poverty line.

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