Wednesday, March 17, 2010

Industrial Maelstrom and Justification Notes

Psychological/Cultural Justifications For Industrialization

Reference to Hamilton and 1st industrial revolution (with Whitney)

1st sentence in Amsco 17: America, by 1900, outproduces England, Germany, and France combined.
20th century: American Century
World-straddling colossus (vocab)
Thank you Hamilton/TR

Causes

Interrelated; feed on each other: Maelstrom (vocab)

Raw materials
Not unique; USSR/Russia, Africa, China: Not effectively utilized
Capitalism v. Planned economy resource allocation
Robert Wright’s Nonzero
Jared Diamond’s Collapse
Long term consequences (JD: long term private interest)
Problem w/capitalism: Short term = pollution
(But worse under planned economy i.e. ALL Eastern Europe)
T.R.’s conservation
American mixed economy balances extraction w/conservation
Have we gone too far? Red-Cockaded woodpecker, gopher tortoise, Caribou in ANWR?
Acres in forest: Actually increasing (environmental doomsayers (vocab))

New Immigrants
Catholic/Orthodox/Jews
Economic dislocation, mechanization of agriculture, repressive regimes, pogroms
Nativism

Transportation
Railroad v. canal
Cheapness of transportation
Feeds market

National Market
Allows e. of s.
Transportation + People

New Business techniques
LLC
V/H integration
Economies of scale

U.S. Gov
NOT laissez faire: Ideology not reality
Grants
Subsidies
Intervention on behalf of capital
T.R. first to give labor “Square Deal”
Patents

Inventers
U.S. Patent system
Gordon Gecko: Greed is good
Innovation drives productivity

Entrepreneuers
Capitalist
Risk = Reward
Risky (small business failure rate)

JUSTIFIERS
Pragmatic
Efficacy
Would jobs exist if Rich not allowed to run business as they see fit?
Current debate…
Ronald Reagan: A rising tide lifts all boats
Poor in America vs. rest of the world
Vast material wealth

Religion
Jesus loves money?
Camel/needle
Link to slavery justifications
Russell Conwell: Acres of Diamonds
(Later response: Rauschenbush)
Helping poor is against God’s plan.
Poor are poor by God’s Will. Punishment for laziness, test for faith (Job)

Science
Darwin
Explicitly exempts society; concerned about implications
Herbert Spencer
Social Darwinism
Eugenics
Blends w/racism in South
Recently: Bell Curve book (Richard Hernstein and Charles Murray)
Diamond’s Guns, Germs, Steel

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