Posted Mar 28, 2013 0:01 UTC (Thu) by nix (subscriber, #2304)
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No, he expected that -- he was writing a short time after the Industrial Revolution had truly gathered steam. Economic growth wouldn't slow the processes he identified -- it would accelerate them, as they're driven by competition. But of course he didn't foresee the labour movement or the modern welfare state, which has pretty much eliminated the race to the bottom he foresaw. (Other things might well have eliminated it too.)