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> the alternative — subsistence agriculture — was much worse, and people working in factories no longer starved.

It's not straightforward as that. In Europe, or at least in countries that are relevant "subsistence agriculture" had stopped being a significant thing centuries before the industrial revolution (outside of relatively rare periods of very bad weather).

By the 1800s there were generally too many people and not enough land (the real problem short term was that land being very unequally distributed and landhorders preferring to use it for less labor intense and more profitable purposes and significantly reducing the amount of "common land" available). Productivity was also increasing meaning there was a lower demand for labor. But that's the opposite of subsistence agriculture.

However it's not really that obvious that conditions for factory workers were meaningfully better than they would have been 50-100 years earlier until at least the mid 19th century or so when the labor market became more balanced and workers permitted to organize to some extent without the fear of extreme repression).

In most extreme cases like the Great Famine in Ireland the outcome was the opposite. There was enough food (or at least enough to significantly reduce the death toll) it's just that local people couldn't afford it and it was shipped off to feed the workers in the more industrialized parts of UK. That period probably marked the heyday of 'free market' and laissez-faire ideologies.



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