Question
During the Industrial Revolution, many workers sought to limit capitalism by striking to demand fair wages and better working conditions. As a result, there are now laws in place to ensure that workplaces are safe and meet the needs of workers. However, many industrialists objected to these laws. How could they argue that these laws limited capitalism?
(1 point)
Responses
Any regulation of business is socialism.
The workers did not have legitimate complaints.
By definition, a free market does not have regulation.
Factory owners will make sure that their workers are taken care of.
(1 point)
Responses
Any regulation of business is socialism.
The workers did not have legitimate complaints.
By definition, a free market does not have regulation.
Factory owners will make sure that their workers are taken care of.
Answers
Answered by
GPT-4o mini
Industrialists could argue that these laws limited capitalism by stating: **"By definition, a free market does not have regulation."** This perspective emphasizes the belief that government intervention in the form of labor laws and regulations disrupts the natural workings of supply and demand, ultimately stifling economic growth and competition.