New-Ways-of-Thinking-in-the-Industrial

The rise of Socialism

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Bleak view of factory system Only checks on population growth were “nature’s natural methods” of war, disease, and famine Views proved WRONG!

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Another laissez-faire economist Believed in the “Iron Law of Wages” Opposed any government help for the poor Hard work and limiting size of families

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Goal of society should be “greatest happiness for greatest number” of citizens Laws should be only if they are USEFUL Influenced John Stuart Mill, who wanted laws to protect workers

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The people as a whole—NOT individuals—own the means of production Karl Marx and Friedrich Engels, The Communist Manifesto 1848 Communism: Creation of a classless society

COMMUNISM     

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Class struggle  Proletariat vs. Bourgeoisie VIOLENT REVOLUTION Classless society (“utopia”) Everyone is EQUAL, GUARANTEED  MUST stay put No trade No personal freedoms

DEMOCRATIC CAPITALISM (USA)     

Many social classes Class MOBILITY  MUCH INEQUALITY NO guarantees! Able to have personal freedoms and choices