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The haves and the have nots : Comments
By Rodney Crisp, published 6/5/2011GDP per capita could perhaps serve as a universal macroeconomic rating scale of resilience of nations similar to the Richter scale used to measure the magnitude of earthquakes.
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We have been here before - but just for old time's sake, could you tell me what you think would have become of the British workforce over the period of the 19th century if the government of the time hadn't enforced the Factory Acts to prevent the barbaric treatment in the mills, factories and mines?
I mean, until the Factory and Education Acts were instituted, it was pretty well a laissez faire "free"-for-all enjoyed by the entrepreneurs of the day...and the men, women and children were treated abominably.
Human's usually learn by referring back to past experience - and sometimes they have enough sense not to go down the same road again.