The Loom and Doom Crowd
This post The Loom and Doom Crowd appeared first on Daily Reckoning. They were wrong in 1812. They were wrong in 1905. And they’re wrong again. In 1812, English textile workers…
Written bySean RingSource: The Daily Reckoning
This post The Loom and Doom Crowd appeared first on Daily Reckoning.
They were wrong in 1812. They were wrong in 1905. And they’re wrong again. In 1812, English textile workers stormed mills across Yorkshire and Nottinghamshire. They smashed power looms and burned cotton frames. They called themselves Luddites, after a possibly mythical weaver named Ned Ludd who’d supposedly done