MMW 14 Lecture Notes - Lecture 8: New Lanark, Ures, Cronyism

• School: UCSD
• Department: Making of the Modern World
• Course: MMW 14
• Professor: Edmond Chang

Document Summary

Lecture eight: critical responses to industrial capitalism 01/31/19. How can modern industry reconcile the needs of labor with those of capital? a. Malthusian peril with an industrial twist: exponential population growth in 18 th century on, population doubled, 19th century- 180,000,00 to 300,000,00, pressure was not on food but on jobs. Proposal for parliament to establish villages of cooperation - co-ops change one"s work ethic: can be applied to farming system and factory system. 2: no hierarchy system; members contribute to productivity and welfare of the community, profits distributed equally among members, parliament approved, but they couldn"t find the funding (1) industrialists saw this as a threat, did not give funding. The utopian community, new harmony, in indiana: declaration of mental independence (1) freedom from private property (2) and irrational religion and marriage. Private property as the ultimate source of inequality b) (1) private property is what allows lazy people to prosper (2) abolish private property.