Author: Author’s name is Comte de Saint-Simon. Saint-Simon is considered to be a French social theorist (Comte de Saint-Simon 1). He was not in support of a Laissez-faire economy. Instead, Saint-Simon wanted “an industrialized state directed by science,” (Comte de Saint-Simon 1). Furthermore, Saint-Simon wanted industrialists to become enlightened and after their enlightenment, for he felt that they could help the poor. He also fought in the American Revolution.
Context: The article does not say when exactly it was written, but on Encyclopedia Britannica they make mention of many of his works. … Read the rest here
All three of the historians that we examined had different viewpoints regarding economics than did Adam Smith. While Smith believed laissez-faire capitalism was the best economic method a country could employ, his opponents (Marx, Saint-Simon and Owens) all believed that it belittled the poor to such an extent that it was not a viable option. Although the capitalist method increases production to unforeseen levels, it creates an undeniable divide between social classes. The owners of the companies become much richer than the working class people, while all they have to do is sit down and watch the money being made in front of their eyes.… Read the rest here
In Comte de Saint-Simon’s The Incoherence and Disorder of Industry, Saint-Simon disapproves and criticizes laissez-faire capitalism for its brutal competitive nature. He views industrialists as self-centered and vain. He claims, “the industrialist is very little concerned about society’s interests.” Saint-Simon has a Hobbesian view on the Industrial Revolution. He suggests that when two men pursue the same career, they inevitably become enemies; their lives become nasty, short, and brutish as they seek glory over each other’s career.… Read the rest here