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Advantage Quote by Andrew Carnegie

“The price which society pays for the law of competition, like the price it pays for cheap comforts and luxuries, is great; but the advantages of this law are also greater still than its cost- for it is to this law that we owe our wonderful material development, which brings improved conditions in…” quote by Andrew Carnegie
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“The price which society pays for the law of competition, like the price it pays for cheap comforts and luxuries, is great; but the advantages of this law are also greater still than its cost- for it is to this law that we owe our wonderful material development, which brings improved conditions in its train.”

Andrew Carnegie

About This Quote

Source Speech: Carnegie's 1889 Address on Competition, United States

The cost of competition is high, yet its benefits in material progress and improved living conditions outweigh those costs.

In simple terms: Competition is costly but drives material progress.

Key Takeaway

Embrace competition for greater societal gains.

Themes

competition material progress economics societal development

Mood

reflective analytical

Type

sociopolitical economic philosophical

When to use this quote

  • business strategy
  • public policy
  • education reform
  • urban planning
  • technology adoption

Key Concepts

Industrialization trade-offs innovation growth

Questions to Reflect On

  • How can we mitigate competition's negative side effects?
  • What policies balance growth with equity?
A Different Perspective

Competition can exacerbate inequality and environmental strain.

3.8 out of 5 (7 ratings)

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