In an industrialized economy, private capital gain and the weeding out of inefficient industries characterized the infrastructure of the society. Dr. Leete says, “Their misery came, with all your other miseries, from that incapacity for cooperation which followed from the individualism on which your social system was founded, and from your inability to perceive that you could make times more profit out of your fellow men by uniting with them…” (page 58) By emphasizing the role of competition upon the economy, the more efficient industries and employees survived while inefficient productions facilities were extinguished and less skilled workers were forced to suffer from unemployment. However, Bellamy saw this occurrence as being a waste to society, as many resources were being pulled toward industries that were eventually eliminated and there was a supply of human labor that was not being utilized optimally. The author’s main concern was that the machinery of the industrial economy was an easy means of accumulating wealth for only a select few of the population and that the resources were not being efficiently distributed to the entire population. For that reason, he wrote Looking Backward to have these issues be recognized through radical ideas by those that were causing …show more content…
He was a proponent of shifting the economy from one of private capital to one of publicly-owned capital where the members of society would work in mutual cooperation with one another. Although there are problems with his system such as free-riding and lack of incentive to work optimally, he hoped that the morals of society would be able to evolve to a point where fulfilling one’s honor and duty to society would be enough of a motivation to maximize productivity. Unfortunately, this situation is still too idealistic for even contemporary times, as the top 5% of wealth holders possess more than half of the country’s wealth even today. There are individuals such as Bill Gates and Donald Trump that have been able to accumulate wealth by means of using innovative technologies and entrepreneurial abilities. The average standard of living has certainly increased, but it falls well short of Bellamy’s hopes of having a mutually cooperative and fully educated