Yes. A couple nerds invented a way to process and manufacture steel quickly and Carnegie bought the patent and made all the steel.
It’s like way to not add anything of real value Carnegie. Anyone in his position would have said, oh let me buy that and then produce my steel faster than anyone else in the world. The only reason he had wealth to do that was luck. Someone took him under his wing as a kid and raised in up in the business/manufacturing/world. Carnegie worked hard, but he had a lot of luck.
Not to completely shit on Carnegie. He started donating some of his wealth away and tried to convince his peers to do the same. He could have been paying his workers more the whole time instead, but waiting to the end helps some workers that might have still been alive, at least.
TankovayaDiviziya@lemmy.world 2 weeks ago
“Socialise the cost. Privatise the profit.”
Much of the research comes from the public sector, especially universities. But business tycoons act like they are the ones who invented something from scratch and took all the risk to commercialise the idea.