To see all of that section, click on these lines. Capitalism re-clarified, from a different perspective I read Regina Schmiedicke's Issue 3 article on capitalism and agree with some of her statements but not all of them. I also read the counter articles by alumna Martha Blandford and by Michael Welker, who teaches in the economic department at Franciscan University. I feel the need to respond to their articles. Let me begin with Mrs. Blandford's.
History notes that social and technological progress was unprecedented during that time.
This may be true, but exploitation of the newly arriving southern, central and eastern Europeans was perhaps at its peak as well. There were no vacations, sick pay, or pension plans. A worker who objected was likely to be fired and blacklisted. If this was the great period of true capitalism then I certainly hope we do not achieve it again. The acceptance of such a statement often depends on where one is located within a stratified system.