Post by Institute of Economic Affairs - London

Britain built the most dynamic economy the world had ever seen. It led the world in industrialisation, railways and steamships — and created prosperity on an unprecedented scale. But did it ever truly believe in capitalism? Victorian Manchester and Birmingham tell two sides of the same story. Manchester: rapid expansion, ballooning wealth alongside appalling working conditions. Birmingham: greater diversity of trades, smaller workshops, skilled workers and social mobility. "The majority voice of British public opinion never learned to regard business as a truly worthy human activity." "Britain's anti-business prejudice, embedded and reinforced over the centuries, has not gone away. Faith in capitalism has never been strong in this country." Martin Vander Weyer, Business Editor of The Spectator, writes in On Morality, Human Behaviour and Economics — read it free at https://lnkd.in/ezmtZKFT