SOSC 1520 Study Guide - Midterm Guide: John Stuart Mill, John Maynard Keynes, Capital Accumulation
Document Summary
John stuart mill stated that laborers could do nothing without capital, while the capitalists can do nothing without the laborers. Although capitalism exhibits a great division in class, and social status, the elite groups would not have been able to collect such surplus value without the labor of the working lower classes. The elitist can be seen as the state since they control the market, and majority of the outcome of a society. Mill saw the individual as being filled with many potentials that with the right education can be brought about to benefit the society as a whole. Mill advocates the active life so that individuals may use their various gifts and talents to promote happiness for the greatest number. Mill carries this view quite far, maintaining that human laws and institutions can and should determine how wealth is distributed.
