| Who? | Responded to: | Get Government OUT of the economy. |
| Adam Smith (a.k.a. Father of Capitalism)
|
Mercantilism |  Invisible Hand "Government -keep out of capitalism" Let there be a free market -a natural one. |
Adam Smith~David Ricardo~Robert Owen~Louis Blanc~Karl Marx
| Who? | Responded to: | Get Government OUT of the economy. |
| Adam Smith (a.k.a. Father of Capitalism)
|
Mercantilism | Invisible Hand "Government -keep out of capitalism" Let there be a free market -a natural one. |
| Who? | Responded to: | Natural Laws |
| David Ricardo (a half empty kind of guy) |
Smith's Laissez-Faire Ideas | There was more realism in
his ideas than Smith's but there was no real change. He called Capitalism a "dismal
science" because natural laws governed it. What most people earned would remain
subsistence wages (minimum wage) only because of the natural laws. |
| Who? | Responded to: | Get Government back into the economy |
| Robert Owen (first socialist) |
The Excesses of Captialism
|
"Government, get back in the
economy." Help the exploited kids and the poor. |
| Who? | Responded to: | The Government's role is to take care of the needy. |
| Louis Blanc (President of France after the Revolutions of 1848) |
The Revolutions of 1848 and the political and economical situations of the time. |  |
| Who? | Responded to: | Marxism
and the overturning of Capitalism (Communism) |
| Karl Marx (He's German... okay, okay... He published the Labor Value Theory) |
The fact that Socialism wasn't working too well, that people still lived in poverty and that there was still child labor. | Marxism and the overturning of Capitalism.
People will, after a revolution, care for one's neighbor more than for oneself.
|
Copyright Katarina Ling 2000
