Making sense of this crazy world

This week, I'm going to take a deeper look at capitalism and present a sweeping history of it from the first industrial revolution in nineteenth-century Britain to today. And I'll leave you with a question: should capitalism be controlled by government?

The focus for this, and the next episode will be the economic and political system that formed the basis for the first industrial revolution in Britain and looks ahead to the development of Western economies: capitalism and the profit motive.

The industrial revolution created a new class: the working class, with its own experiences, its own culture and its own needs. It is a class that has come a long, long way since that first industrial revolution in Britain and this episode sets out to sketch that journey.

As well as bringing about the rise of the city, the industrial revolution brought about a social revolution that utterly transformed society. It developed a middle class and created a working class, giving shape to the society we live in today. In this episode I will focus on the development of the middle class.

In 1801 25% of British people lived in towns, 75% in the countryside; by the middle of the century, it was roughly 50-50; by the end the century those first figures were reversed with 75% of the population living in towns and cities and only 25% in the countryside. But what was life like in those towns and cities.

Having tried to explain why Britain was the first industrial nation and how an industrialised world began to take shape, in this episode I want to go further into what changed and not just describe what it was like for those who lived through it but show how the miserable lives of the foot soldiers of industrialisation, focusing particularly on agricultural workers, factory workers, coal miners, with a spotlight on children, was a result of the profit motive.

This episode looks a little deeper at the period in which the industrialising world catches up and overtakes Britain.
 
*Do note that since researching and recording this episode, India has overtaken Japan to become the world's 4th biggest economy. How fast this world of ours is changing!

I’m continuing my look at the industrialising world by focusing on the globalisation of the industrial revolution, well at least its spread to Europe and America!

I’m looking at the first industrial revolution in Britain that did so much to shape the world we live in today and in this second episode I want to highlight the key motivating factor: the profit motive, as well as the importance of the railways.

I’m changing tack completely in this little series to look at some of the truly big events that shaped the world we live in today. And I’m beginning with the industrial revolution in Britain. Hugely significant because not only did the British economy rapidly grow, and eventually the world economy, but it did so because of a technological revolution, simple though that may have been at first, and because of, and through, a social revolution that utterly transformed society.