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Welfare capitalism is capitalism that includes social welfare policies [1] [better source needed] and/or the practice of businesses providing welfare services to their employees. Welfare capitalism in this second sense, or industrial paternalism , was centered on industries that employed skilled labor and peaked in the mid-20th century.
The Three Worlds of Welfare Capitalism is a book on political theory written by Danish sociologist Gøsta Esping-Andersen, published in 1990. The work is Esping-Andersen's most influential and highly cited work, outlining three main types of welfare states , in which modern developed capitalist nations cluster.
From the last two decades of the 19th century to the start of World War II, "welfare capitalism" was part of this country's economic landscape. There was never a precise definition of what welfare ...
Today, welfare capitalism is most often associated with the models of capitalism found in Central and Northern Europe such as the Nordic model, social market economy and Rhine capitalism. In some cases, welfare capitalism exists within a mixed economy, but welfare states can and do exist independently of policies common to mixed economies such ...
Economic progressivism can also be seen as a potential response to and treatment of social and economic problems such as affluenza, environmental racism, inverted totalitarianism, market fundamentalism, wage slavery, and "socialism for the rich and capitalism for the poor" as well as a counter-argument to the culture of capitalism, prosperity ...
Capitalism and Freedom was published nearly two decades after World War II, a time when the Great Depression was still in collective memory.Under the Kennedy and preceding Eisenhower administrations, federal expenditures were growing at a quick pace in the areas of national defense, social welfare, and infrastructure.
The social market economy (SOME; German: soziale Marktwirtschaft), also called Rhine capitalism, Rhine-Alpine capitalism, the Rhenish model, and social capitalism, [1] is a socioeconomic model combining a free-market capitalist economic system alongside social policies and enough regulation to establish both fair competition within the market and generally a welfare state.
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