welfare capitalism

(noun)

Welfare capitalism refers either to the combination of a capitalist economic system with a welfare state or, in the American context, to the practice of businesses providing welfare-like services to employees.

Related Terms

Examples of welfare capitalism in the following topics:

  • Welfare State Capitalism

    • Welfare capitalism refers to a welfare state in a capitalist economic system or to businesses providing welfare-like services to employees.
    • However, even at the peak of this form of welfare capitalism, not all workers enjoyed the same benefits.
    • Business-led welfare capitalism was only common in American industries that employed skilled labor.
    • This is an example of welfare capitalism in that it involves a business providing for its employees.
    • Discuss how welfare capitalism impacts the worker and the business, in terms of costs and benefits for both

  • The Conflict Perspective: Class Conflict and Scarce Resources

    • Conflict theorists cite this type of employee as evidence that capitalism results in winners and losers, but allows for little crossover in between.
    • According to conflict theory, capitalism, an economic system based on free-market competition, particularly benefits the rich by assuming that the "trickle down" mechanism is the best way to spread the benefits of wealth across society.
    • Governments that promote capitalism often establish corporate welfare through direct subsidies, tax breaks, and other support that benefit big businesses.

  • Dominant Perspectives

    • Capitalism, in particular, benefits the rich.
    • Corporate welfare is one example where an arrangement of direct subsidies, tax breaks, and other support that the government has created for big businesses.

  • Socialism

    • In socialism, Max Weber saw acceleration of the rationalisation started in capitalism.
    • Social democrats also promote tax-funded welfare programs and regulation of markets.
    • Many social democrats, particularly in European welfare states, refer to themselves as socialists, introducing a degree of ambiguity to the understanding of what the term means.
    • The poll results stated that 53% of American adults thought capitalism was better than socialism, and that "Adults under 30 are essentially evenly divided: 37% prefer capitalism, 33% socialism, and 30% are undecided".
    • The question posed by Rasmussen Reports did not define either capitalism or socialism.

  • Competition

    • People can compete over tangible resources like land, food, and mates, but also over intangible resources, such as social capital.
    • However, some biologists, most famously Richard Dawkins, prefer to think of evolution in terms of competition between single genes, which have the welfare of the organism "in mind" only insofar as that welfare furthers their own selfish drives for replication.

  • Class

    • For Marxists, class antagonism is rooted in the situation that control over social production necessarily entails control over the class which produces goods—in capitalism this is the domination and exploitation of workers by owners of capital.
    • He noted that contrary to Marx's theories, stratification was based on more than simply ownership of capital.
    • The lower or working class is sometimes separated into those who are employed as wage or hourly workers, and an underclass—those who are long-term unemployed and/or homeless, especially those receiving welfare from the state.

  • Brokerage

    • As an example, we've taken the Knoke information exchange network, and classified each of the organizations as either a general government organization (coded 1), a private non-welfare organization (coded 2), or an organizational specialist (coded 3).
    • Organizations in the third population (6, 8, 9, 10), the welfare specialists, have overall low rates of brokerage.
    • These roles may help us to understand how each ego may have opportunities and constraints in access to the resources of the social capital of groups, as well as individuals.

  • Capitalism

    • Capitalism is generally considered by scholars to be an economic system that includes private ownership of the means of production, creation of goods or services for profit or income, the accumulation of capital, competitive markets, voluntary exchange, and wage labor.
    • Economists, political economists and historians have taken different perspectives on the analysis of capitalism.
    • Capitalism is generally viewed as encouraging economic growth.
    • The relationship between democracy and capitalism is a contentious area in theory and popular political movements.
    • Examine the different views on capitalism (economical, political and historical) and the impact of capitalism on democracy

  • The Marxist Critique of Capitalism

    • Capitalism has been the subject of criticism from many perspectives during its history.
    • Criticisms range from people who disagree with the principles of capitalism in its entirety, to those who disagree with particular outcomes of capitalism.
    • In this sense they seek to abolish capital.
    • Capitalism is seen as just one stage in the evolution of the economic system.
    • Examine Karl Marx's view on capitalism and the criticisms of the capitalist system

  • Government Assistance Programs

    • Federal assistance is defined as any program that directly assists the public in areas, such as education, health, and public welfare.
    • Public welfare, such as the temporary aid to needy families (TANF) program, is a major form of federal assistance that provides food and income to families in poverty.
    • In the United States, federal assistance is defined as any federal program, project, service, or activity provided by the federal government that directly assists or benefits the American public in the areas of education, health, public safety, public welfare, and public works, among others.