Chris Rhines
Member
(I'm gonna assume you mean the U.S. industrial revolution here.) They certainly can - economic progress the likes of which humanity had never dreamed, and prosperity increasing more, for more, and faster than at any time prior. And that was with an economy that was centrally managed to an astounding degree.Try the Industrial Revolution. Even here, the 1880s and 1890s were pretty much hell for anyone whose name wasn't Rockefeller, or Morgan, or Carnegie. The same arguments about government regulation of business were made then, and then, they were the law. The results can be found in any history book.
You're making one of the classic errors of political thinking - mistaking capitalism for an economic system. It's not. Capitalism is a social arangement, in which individuals are free to make whatever economic arangements (communist, socialist, mercantile, propertarian, hard-money, various types of barter) they wish.Unregulated, unrestricted capitalism can be as oppressive as unrestricted socialism, or unrestricted anything else.
- Chris