“Indeed it did. But to dismiss the Luddites as backward fools would be unfair. The Luddites didn’t smash machine looms because they wrongly feared that machines would make England poorer. They smashed the looms because they rightly feared that machines would make them poorer. They were skilled workers who knew that the machine looms would devalue their skills. They understood perfectly well the implications of the technology they faced, and they were right to dread it.2”
― Fifty Inventions That Shaped the Modern Economy
― Fifty Inventions That Shaped the Modern Economy
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