Wednesday, November 13, 2013
Adam Smith (Rachel Latham)
The industrial revolution certainly helped all citizens. By using laissez-faire economics, we have helped Europe become a better place. Under laissez-faire economics, the government does not interfere with business, rather it leaves it to the people. This allows the economy to blossom and grow freely. I believe that by having a free market, it helps everyone in Europe. By operating under a free market, it allows goods to be sold at lower prices, which in turn makes it more affordable for everyone, hence benefiting everyone living in Europe. This also benefits the economy. By having a stronger and growing economy, it allows entrepreneurs to expand their ventures, or invest in new ventures. In turn, investing in new ventures also helped the economy grow even more. The industrial revolution was beneficial to all citizens, not just the wealthy business owners.
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Eleanor Fulghum (Karl Marx)
ReplyDeleteWhat you are failing to realize here is that there is a reason the government is choosing not to interfere. If the power of the people is truly being channeled into the growth of the economy, the individual talent of the people is being silenced due to factories. Factories are limiting the true potential of a human being, not allowing people the chance to thrive in an enclosed, one-dimensional type business. Although business may flourish, the government is well aware of the fact that they are at less risk of rebellion due to the quelling of the people. This fooling has been no more than a result of factories.
Angelica Mirandou (Thomas Malthus)
ReplyDeleteHow can you say that the industrial revolution helped everyone? I think that you have over looked the fact that many people are dying within society. How does industrial revolution help the dead? Yes, the economy benefits, but what is the worth of an economy when people who are involved in that economy drop dead due to the unsanitary living conditions? The population is growing at an alarming rate and I think you over look that when you look at the progression of the economy. Yes, the economy is getting better but the population will soon surpass the growth rate of the economy. When that happens the economy will no longer be a good economy. The population is a major factor to the economy and the rest of the well being of society. People are also dying at an alarming rate the population of the people isn't steady. The industrial revolution did not help all of its citizens.