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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.
Thus the concept of capitalism is rooted in an idea of human nature being inherently self-interested and the value of goods and services are derived from labor. [citation needed] Karl Marx critiqued capitalism by analyzing the division of labor in Europe from an historical perspective. He argued that people's human nature, more specifically ...
Others view it as an ethical ideal to guide reforms within capitalism. One way social democracy can be distinguished from democratic socialism is that social democracy aims to strike a balance by advocating for a mixed market economy where capitalism is regulated to address inequalities through social welfare programs and supports private ...
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.
The modern welfare state has been criticized on economic and moral grounds from all ends of the political spectrum.Many have argued that the provision of tax-funded services or transfer payments reduces the incentive for workers to seek employment, thereby reducing the need to work, reducing the rewards of work and exacerbating poverty.
Immunocapitalism describes the ways in which disease outbreaks and the acquisition of immunity are leveraged for economic and political gain. The concept highlights the intersection of health, capitalism, and power, demonstrating how social and economic inequalities are exacerbated by epidemics.
Politicians always come up with goals but a goal is useless without a sensible path and, in the Biden administration, they seem to be in short supply. Guest Opinion: Capitalism — not promising ...
Sustainable capitalism is a conceptual form of capitalism based upon sustainable practices that seek to preserve humanity and the planet, while reducing externalities and bearing a resemblance of capitalist economic policy. A capitalistic economy must expand to survive and find new markets to support this expansion. [179]