Carnegie argues that wealth disparity amongst people is necessary to promote a society that develops as effectively as possible. He states that Individualism, Private Property, Law of Accumulation of Wealth, and Law of Competition are Individualistic requirements for creating the greatest societal outcome possible (Carnegie, p. 101). Carnegie’s argument relies not only …show more content…
Schimmel would counter by citing the negative effects that greed may have but fails to concede any of the potential benefits that may result. Therefore, though I do not agree with either entirely, it is clear that greed is not an ethically good position to follow as it does often cause harm to society, people who are wealthy rarely have the sense of obligation of Carnegie, and because even the most morally upstanding person may become a victim of their own greed. Thus, from most any rational perspective, greed generally does more harm than good, and it would be dangerous to assert greed as a morally ‘good’ character