World history; World history -- Juvenile literature
Please do not think that the good members of Parliament who passed
these laws were wicked tyrants. They were the true sons of the
revolutionary period when everybody talked of “liberty” and when
people often killed their neighbours because they were not quite as
liberty-loving as they ought to have been. Since “liberty” was the
foremost virtue of man, it was not right that labour-unions should
dictate to their members the hours during which they could work and the
wages which they must demand. The workman must at all times, be “free
to sell his services in the open market,” and the employer must be
equally “free” to conduct his business as he saw fit. The days of the
Mercantile System, when the state had regulated the industrial life of
the entire community, were coming to an end. The new idea of “freedom”
insisted that the state stand entirely aside and let commerce take its
course.
The last half of the 18th century had not merely been a time of
intellectual and political doubt, but the old economic ideas, too, had
been replaced by new ones which better suited the need of the hour.
Several years before the French revolution, Turgot, who had been one
of the unsuccessful ministers of finance of Louis XVI, had preached
the novel doctrine of “economic liberty.” Turgot lived in a country
which had suffered from too much red-tape, too many regulations,
too many officials trying to enforce too many laws. “Remove this
official supervision,” he wrote, “let the people do as they please,
and everything will be all right.” Soon his famous advice of “laissez
faire” became the battle-cry around which the economists of that period
rallied.
At the same time in England, Adam Smith was working on his mighty
volumes on the “Wealth of Nations,” which made another plea for
“liberty” and the “natural rights of trade.” Thirty years later, after
the fall of Napoleon, when the reactionary powers of Europe had gained
their victory at Vienna, that same freedom which was denied to the
people in their political relations was forced upon them in their
industrial life.
The general use of machinery, as I have said at the beginning of
this chapter, proved to be of great advantage to the state. Wealth
increased rapidly. The machine made it possible for a single country,
like England, to carry all the burdens of the great Napoleonic wars.
The capitalists (the people who provided the money with which machines
were bought) reaped enormous profits. They became ambitious and began
to take an interest in politics. They tried to compete with the landed
aristocracy which still exercised great influence upon the government
of most European countries.
Public-domain text, read in full here on John Shaqi.
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