Thesis: Hobhouse asserts that state intervention in the economy by implementing legislation for better conditions of labor,education, and health to give the poor opportunity for self-advancement.
A. Flaws in Laissez-faire economics
1. Teaching the working classes to stand alone in their misery was not helpful
2. Enabled the powerful to exploit the weak.
3. Poor education, housing, and unhealthy work environments deprive them of
any advancement.
B. New Policies of State Intervention
1. Educating the children, providing medical inspection, feeding the needy at
the expense of taxpayers
2. Providing old age pensions for all whose incomes fall below thirteen
shillings a week
3. Goal is to secure conditions upon which its citizens are able to win by
their own effortsall that is necessary to a full civic efficiency.
C. Powerlessness of Worker in Controlling changes in industry
1. It is not his fault if there is an over-production in the industry
2. He is not responsible for its ups and downs
3. Therefore state intervention is not charity, it is justice
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