Hanging with History

48. Commonwealth ; The Promise is given

February 18, 2021 Harald Hansen Season 1 Episode 48
Hanging with History
48. Commonwealth ; The Promise is given
Show Notes

Honest administration of government?  Getting there, we get rid of 90% of the corruption.

Cheap, abundant food.  The Malthusian limits are broken.  How?  The introduction of capitalism to agriculture, better techniques and investment followed and there was improved transportation.

The Diggers try to go the other direction, but Parliament rejects their proposals over and over.

Entrepreneurial prospects open up.  Common law comes to predominate and property rights could really function.  Wages go up and up.  But there was no theory yet for anyone to understand why.

Do you know why freedom works so much better than compulsion in a practical sense?

But there are tons of injustice going along with the improvements; old customary rights begin to be left behind.  Things get better, nevertheless, as the possibilities for specialization are suddenly possible.

A financial revolution takes place.   Usury?  What’s that?

Now with high wages and growing employment, the Puritan doctrine of sinful unemployment takes hold and begins to make sense to people.

Brød Heks helps us make sense of it all