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Capitalism Main article: Capitalism The advent of the Age of Enlightenment provided an intellectual framework which welcomed the practical application of the growing body of scientific knowledge—a factor evidenced in the systematic development of the steam engine, guided by scientific analysis, and the development of the political and sociological analyses, culminating in Scottish economist Adam Smith's The Wealth of Nations. One of the main arguments for capitalism, presented for example in the book The Improving State of the World, is that industrialisation increases wealth for all, as evidenced by raised life expectancy, reduced working hours, and no work for children and the elderly. Socialism Main article: Socialism Socialism emerged as a critique of capitalism. Marxism began essentially as a reaction to the Industrial Revolution.[120] According to Karl Marx, industrialisation polarised society into the bourgeoisie (those who own the means of production, the factories and the land) and the much larger proletariat (the working class who actually perform the labour necessary to extract something valuable from the means of production). He saw the industrialisation process as the logical dialectical progression of feudal economic modes, necessary for the full development of capitalism, which he saw as in itself a necessary precursor to the development of socialism and eventually communism. Romanticism Main article: Romanticism During the Industrial Revolution an intellectual and artistic hostility towards the new industrialisation developed, associated with the Romantic movement. Its major exponents in English included the artist and poet William Blake and poets William Wordsworth, Samuel Taylor Coleridge, John Keats, Lord Byron and Percy Bysshe Shelley. The movement stressed the importance of "nature" in art and language, in contrast to "monstrous" machines and factories; the "Dark satanic mills" of Blake's poem "And did those feet in ancient time". Mary Shelley's novel Frankenstein reflected concerns that scientific progress might be two-edged. |
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