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Disraeli - impact of capitalism on society
Creates society of individuals but at the expense of social responsibility
Loss of sense of community due to people persuing selfish ends
Disraeli - 2 nations caused by capitalism
Free-market capitalism is a recipe for revolution as it creates class conflict - concerning effect on organic society, authority and hierarchy
Prosperous few
Many poor
Therefore, govt should care for the interests of all classes to unite them
Disraeli and Bismark - One Nationist policies
Welfare for poor to prevent excessive inequality and conflict
State-sponsered social reform as they don’t like laissez-faire individualism
Aim to temper effects of laissez-faire capitalism by restricting the freedom of factory owners and landlords
1874 - Factory Act
1875 - Artisan Dwellings Act
Post-war One Nationist new conservatism
Rejection of nationalisation
Extremely low taxes
Free enterprises
Property owning democracy
State provision of economic infrastructure
Issues with One-Nation economic policy + examples
Depends on steady economic growth
1970’s recession
Heath comes to power, blames it on state intervention and taxation instead of the use of mixed economy and keynsian economics
‘Supply side’ → tried to make the free market work better but had to u-turn and return to nationalisation and other consensus policies
Pragmatism with an application to the economy
Balance between
Laissez-faire liberalism (rights of the individual)
Socialist state planning (collective rights)
Disraeli - views on the economy
Interventionism> free-market capitalism
Interventionism is pragmatic and prevents a socialist revolution
Free-market capitlism creates social division due to exploitation
MacMillan - views on the economy
‘Middle way’ - a mixed economy of sorts
State ownership/regulation of certain aspects with the drive and initiative of private enterprise