welfare state

Examples of welfare state in the following topics:

• The Disadvantages of Mixed Economies

  • In contemporary terms, "social democracy" usually refers to a social corporatist arrangement and a welfare state in developed capitalist economies.
  • Others contrast social democracy with democratic socialism by defining the former as an attempt to strengthen the welfare state and the latter as an alternative socialist economic system to capitalism.
  • The democratic socialist critique of social democracy states that capitalism could never be sufficiently "humanized" and any attempt to suppress the economic contradictions of capitalism would only cause them to emerge elsewhere.
  • The Democratic party in the United States is seen by some critics of contemporary social democracy (and mixed economies) as a watered-down, pro-capitalist movement.

• Socialism and Planned Economies

  • Variations range from social democratic welfare states, such as in Sweden, to mixed economies where a major percentage of GDP comes from the state sector, such as in Norway, which ranks among the highest countries in quality of life and equality of opportunity for its citizens.
  • A planned economy is a type of economy consisting of a mixture of public ownership of the means of production and the coordination of production and distribution through state planning.
  • Most notably, a command economy is associated with bureaucratic collectivism, state capitalism, or state socialism.

• Mixed Economies

  • A Mixed Economy exhibits characteristics of both market and planned economies, with private and state sectors providing direction.
  • During this period the United States grew into the largest economy in the world, surpassing the UK (though not the British Empire) by 1880.
  • Social market economy is the economic policy of modern Germany that steers a middle path between the goals of socialism and capitalism within the framework of a private market economy and aims at maintaining a balance between a high rate of economic growth, low inflation, low levels of unemployment, good working conditions, public welfare and public services by using state intervention.
  • Economies ranging from the United States to Cuba have been termed mixed economies.
  • The term is also used to describe the economies of countries which are referred to as welfare states, such as Norway and Sweden.

• The Benefits of Communism

  • Communism ideology supports widespread universal social welfare, including improvements in public health and education.
  • However, this is not to say that state run enterprises in certain areas are a bad idea.
  • Communist ideology supports widespread universal social welfare.
  • Improvements in public health and education, provision of child care, provision of state-directed social services, and provision of social benefits will, theoretically, help to raise labor productivity and advance a society in its development.
  • If people have no sense of envy, jealousy or ambitions that counter the goals of the state, then a harmonious economic development can be maintained .

• The Benefits of Mixed Economies

  • It also contributes to public ownership in manufacturing, which can address social welfare needs.
  • They provide tax-funded, subsidized, or state-owned factors of production, infrastructure, and services:
  • Private investment, freedom to buy, sell, and profit, combined with economic planning by the state, including significant regulations (e.g. wage or price controls), taxes, tariffs, and state-directed investment.

• The National Credit Union Administration (NCUA)

  • The National Credit Union Administration (NCUA) is the United States independent federal agency that supervises and charters federal credit unions.
  • NCUA also insures savings in federal- and most state-chartered credit unions across the country through the National Credit Union Share Insurance Fund (NCUSIF), a federal fund backed by the full faith and credit of the United States government.
  • The chartering of credit unions in all states is due to the signing of the Federal Credit Union Act by President Franklin D.
  • Responsibility for regulation would shift over the years as the agency migrated from the Federal Deposit Insurance Corporation to the Federal Security Agency, then to the Department of Health, Education, and Welfare.

• The Benefits of Socialism

  • Nationalization of key industries such as mining, oil, and energy allows the state to invest directly, set prices and production levels, publicly fund research, and avoid exploitation.
  • Wealth redistribution can occur through targeted, progressive taxation and welfare policies such as free/subsidized education and access to housing.
  • A common model includes a sector being taken over by the state, followed by one or more publicly owned corporations arranging its day-to-day running.
  • Advantages of nationalization include: the ability of the state to direct investment in key industries, distribute state profits from nationalized industries for the overall national good, direct producers to social rather than market goals, and better control the industries both by and for the workers.

• The Disadvantages of Socialism

  • Without the price signals of the market, they state that it is impossible to calculate rationally how to allocate resources.
  • Critics from the neoclassical school of economics criticize state-ownership and centralization of capital on the grounds that there is a lack of incentive in state institutions to act on information as efficiently as capitalist firms because they lack hard budget constraints, resulting in reduced overall economic welfare for society.
  • Evaluate how key components of socialism, such as state ownership of the means of production and the centralization of capital, can be disadvantageous to an economy

• Labor Management Relations Act

  • The Labor Management Relations Act, or the Taft-Hartley Act, is a United States federal law that monitors the activities and limits the power of labor unions.
  • To define and proscribe practices on the part of labor and management which affect commerce and are inimical to the general welfare
  • Union shops were heavily restricted, and states were allowed to pass right-to-work laws that outlawed closed union shops.

• Security risks and internet risks

  • More often than not, these crimes are conducted from outside the United States.
  • Some businesses whose products or services directly or indirectly impact the economy or the health, welfare or safety of the public have begun to use cyber risk insurance programs as a means of transferring risk and providing for business continuity.