EDIT: I wanted to have that I’m enjoying your responses and I hope I’m not coming off as combative. It’s nice to have a good interaction on Reddit and this is the best of my day so far. :)

I agree that good policy is good for all in the long term. Hope we get there.

If you look at the industrial revolution in Britain in isolation, then it is an arc upwards. If you look at the British empire, it’s not quite so rosy.

The destruction of the Indian textile industry was essential to the success of Britain’s domestic wonder. Since it wasn’t an area I had directly studied in school, up until recently I assumed that it was mostly the consequence of Britain being a first mover, and overwhelming the inefficient, unfortunate textile producers in India, and other places. After reading a few histories of the British east India company, it became pretty clear that the British monopoly on textiles was not a matter of efficiency. It was imposed by tariffs, laws restricting, the importation of machinery, and at least three spectacular instances by force of arms and the destruction of property.

Real income and GDP in India took a severe hit from Britain’s Industrial Revolution, and continued to be suppressed to provide a market for British finished goods output. India is still recovering.

Again, this is not a necessary outcome of technology. I’m bringing this up to note that the external costs of past revolutions, especially the global winds, have to be looked at globally. It’s very dangerous to look justify the people who benefit. And in this case, even the working class people in the UK benefited. Yes, the arc went up. But it didn’t go out for everybody, at least not for a few centuries.

But it is unfortunately a common and likely outcome of our current system, where productivity games are assigned, almost exclusively to the owners, and, that group has a tremendous amount of leverage when it comes to creating laws and steering government spending.