What concept proposed that the wealthy have a divine responsibility for societal benefit?

The concept that the wealthy have a divine responsibility for societal benefit is accurately represented by the idea of the Gospel of Wealth. This philosophy, famously articulated by Andrew Carnegie in the late 19th century, posits that the affluent have both a moral obligation and a stewardship role to improve the lives of those less fortunate. Carnegie argued that the rich should use their excess wealth to promote societal good, advocating for the establishment of libraries, schools, and other institutions that would uplift the community.

This perspective emerged during a time of significant economic inequality and industrial expansion in the United States. It reflects a blend of philanthropy and capitalism, suggesting that wealth should not just be accumulated but also redistributed through charitable endeavors to enhance the common good. Carnegie's writings on this topic significantly shaped the philanthropic landscape and influenced how wealth was perceived in relation to social responsibility.