Tuesday, 20 June 2017

Late Phase Capitalism

The Z Blog:



The song we hear from our rulers is that America was built by immigrants. The other version is that America is a nation of immigrants. The latter does not hold up under scrutiny, but the former probably gets closer to the truth. The nation was obviously settled by people from over the sea and that settlement continued into the 19th century. The word “settler” is correct as most people who came over came in search of land, which is why there was a steady march west during the 17th and 18th centuries.
The last couple of decades of the 19th and the first decades of the 20th, on the other hand, were a time of high immigration. These were people headed for urban centers to work in factories. The new industrial barons wanted cheap labor so they imported it. It is probably true that the rapid industrialization of American could not have happened without the massive flow of migrants from Europe. It is certainly true that the newly minted industrial millionaires got rich from the supply of migrant labor.

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