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Session 2 - Economics For Everyone
Session 2 - Economics For Everyone

... influential sector in society. New forms of ownership and control arose to reflect new technology of work. New social structures emerged to meet the needs of this new system. ...
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Document
Document

... • An ideal model. The "welfare state" usually refers to an ideal model of provision, where the state accepts responsibility for the provision of comprehensive and universal welfare for its citizens. • State welfare. Some commentators use it to mean "welfare provided by the state". This is the main u ...
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Welfare capitalism

Welfare capitalism is capitalism that includes comprehensive social welfare policies. Welfare capitalism is also 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.Today, welfare capitalism is most often associated with the models of capitalism found in Continental 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 as state interventionism and extensive regulation.
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