What was Carnegie attitude about the accumulation of wealth and power in the hands of the rich?

Andrew Carnegie believed that the accumulation of wealth and power by the rich was a natural and positive outcome of capitalism, as it incentivized innovation and progress. However, he also emphasized the responsibility of the wealthy to use their fortunes for the greater good, advocating for philanthropy to address social issues. In his essay "The Gospel of Wealth," Carnegie argued that the rich should act as stewards of their wealth, distributing it to improve society rather than hoarding it. Ultimately, he saw wealth as a tool for societal advancement rather than an end in itself.