LWSO 337 Lecture Notes - Lecture 30: Invisible Hand, Luddite
1 Mar 2016
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Document Summary
Maintenance of society is paramount, every other success is dependent on the basic well being of citizens of all classes. Capitalist society does not guarantee society"s needs- they can be ignored if they are not (immediately) profitable. Socialism is run by central, elitist government democratic socialism ensures accountability of the government to the people. Equality") is natural in society and necessary for social order. We are not promoting the demolition of a class structure, we are defending the rights of the exploited lower economic/social classes. Capitalism runs more naturally than socialism (invisible hand). Socialism = the nation wouldn"t be competitive enough internationally, failed economy. Poor people are better off, have more money to spend. The 99%" aren"t having to be concerned w/ basic needs. Will drive economy better than the rich 1% . Robert owen"s experiments prove that workers will generate more wealth under better conditions. Counter (cc)- society can not progress without change (wc)- contradictory.
