Source: Global Research.ca
Richard K Moore
When
the Industrial Revolution began in Britain, in the late 1700s, there
was lots of money to be made by investing in factories and mills, by
opening up new markets, and by gaining control of sources of raw
materials. The folks who had the most money to invest, however, were not
so much in Britain but more in Holland. Holland had been the leading
Western power in the 1600s, and its bankers were the leading
capitalists. In pursuit of profit, Dutch capital flowed to the British
stock market, and thus the Dutch funded the rise of Britain, who
subsequently eclipsed Holland both economically and geopolitically.
In
this way British industrialism came to be dominated by wealthy
investors, and capitalism became the dominant economic system. This led
to a major social transformation. Britain had been essentially an
aristocratic society, dominated by landholding families. As capitalism
became dominant economically, capitalists became dominant politically.
Tax structures and import-export policies were gradually changed to
favour investors over landowners.
