As a factory worker, maybe, I may have many individuals against me, but the truth is that capitalism is nothing but a failure and a tool exploited by the elite for their own personal gain. Capitalism is known as an economic system that is based on private production and investment of money for profits. The Industrial Revolution is known as a movement where machines took over the work of workers like me, in order to double the production of goods. Societies have become urbanized and industrialized where people began to move into cities. There were numerous benefits and drawbacks of the Industrial Revolution in which the basic principles had caused these impacts. One benefit of the Revolution is the fact the factories made things uncomplicated …show more content…
For factory owners it may seem to be a great concept of having capitalism as it can help a personal gain. Through a point of view of a factory worker it is not so great to have capitalism as it can create more losses for workers. For example, in the textbook World History Patterns of Interactions it states, “…are privately owned and money is invested in business ventures to make a profit. These ideas also helped bring about the Industrial Revolution…Thomas Malthus argued that population tended to increase more rapidly than the food supply. Without wars and epidemics to kill off the extra people, most were destined to be poor and miserable.” (Littell, pages 734-735). This line exhibits that all capitalists thought about was to keep their profits coming in and killing the rest of the people of. Those people who work hard for the profits of these individuals are the ones that end up being killed where in reality, the owners should be killed or cut off in order to save food since they want extra food. Those who think only about their profits tend to cause problems for the rest in which they should be dead since they want to follow the capitalist rules. In addition, in the textbook it states, “Laissez-faire thinkers such as Smith, Malthus, and Ricardo opposed government efforts to help poor workers. They thought that creating minimum wage laws and better working conditions would upset the free market system, lower profits, and undermine the production of wealth in society.” (Littell, page 735). This quote from the textbook reveals how owners wanted their businesses to flourish and would stop if the government would help poor workers. All the business owners wanted were their own profits in which they really didn’t care about the workers since they cared about their profits. As you can see, capitalism is just