welfarecapitalist
Welfare capitalism refers to arrangements within capitalist economies that provide social protections for workers while preserving private ownership and market competition. The term is used in two related senses: (1) a broader approach in which welfare programs such as pensions, health care, and unemployment insurance operate alongside capitalism; and (2) a narrower, employer-centered form in which firms offer extensive benefits to employees to deter strikes and stabilize labor relations.
Its historical origins lie in the late 19th century. In Germany, Bismarck introduced social-insurance programs to
Key features typically include a mix of government social insurance and private benefits, plus workplace regulation
Critics argue that welfare capitalism can reproduce inequality tied to employment and firm generosity, reinforce corporate