"Welfare Capitalism"?

Question

Welfare Capitalism?
Welfare Capitalism.

a. no longer exists
b. was the economic system that predominated the 18th century
c.is an economic system in which the market operates but the
government regulates the market substantially.
d. is an economic system in which most members of society are
receiving government welfare

Answer 1

c J

Answer 2

Welfare Capitalism

Answer 3

Welfare Capitalism Definition

Answer 4

THE ANSWER IS THIS QUESTION TOTALLY SUCKS.

The answer is C, but what? Did you just get out of econ. 101 and feel the need to share your newfound knowledge with the world.

Actually the remark about the failed economic paradigms is totally bogus. The failure of one economic construct or another is implicitly presuppositional.

What if pure capitalism is your objective and not some kind of so called common good.

Also, even a revolution is an expression of a capitalistic impulse.

At the root of all managed economies is the idea that there are some people who need help and that it is our moral obligation to hold those people up in their weakness to a basic modicum of physical life.

In the natural world there is no such thing. Its called survival of the fittest, and the weak die.

If the owner of a factory wants to pay his employees less and hoard more wealth, then he doesn't do so except that the employees are all too weak to band together and refuse to work for the man at all. Of course even if they do, then some scab will come in and fill the void, unless there is a government regulating strikes, putting out labor laws, etc. etc. etc.

In a purely capitalistic environment, you could have the striking workers simply kill the scabs, and that would give anyone else to understand not to undermine their unity. Of course, then the factory owner could bring in an army and kill the striker's and then bring in the scabs.

Actually the idea that there are governments regulating human action is a total fallacy anyway. Laws preventing people from working as scabs are just a more civilised way of doing what killing them would also do.

In the end, some one person or group of persons is exercising some kind of power toward their own interests, whether through government, direct action etc. etc. etc.

If the majority of the people believe that a certain law is good, even if they themselves don't physically restrain anyone trying to break that law, they send out policeman who serve a majority will, and those policeman do in the so-called name of law and order what the people would otherwise do themselves.

The fundamental reality of human systems is that they all boil down to the same thing in the end anyway. Some systems remove actions to second and third causes, and some empower people to act directly for their interests.

Welfare capitalism and all of these things are not failed economic paradigms, rather they are the terminologies used by shortsighted people who believe that the principle of human action can somehow be managed or eliminated from an environment that fundamentally is a place of human action.

If anyone can fathom what I just said I will put up a question that you can answer to get ten points, maybe even several questions and twenty or thirty or even more points.

Answer 5

C. But capitalism requires the welfare state as a function of its blatant materialism and exarcerbation of the class system. The owner is pitted against the worker in large companies. That is why trade unions exist. Some 'laissez-faire' capitalists would never have allowed for the institution of a minimum wage or basic labour standards. There would be no unemployment insurance. Capitalism is supposed to reward individual effort and create equality of opportunity and prosperity. In reality, there are boom and bust cycles with recessions taking their toll on the poorer, more isolated, less stable areas of the country.

Answer 6

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This is only speculation, but the term bailout kind of sounds like a one-time thing if you know what I'm saying. Whereas 'welfare' on the other hand sounds like a long term thing, most people liken the word to a policy of using American tax dollars to support those that are unable or unwilling to supporting themselves. Sometimes specific words can trigger alarms in people's minds, I can assure you that if 'corporate welfare' was used instead of 'bailout', there would've been a lot more objections to it being done in the first place. I don't like my money being spent on things that don't benefit myself in anyway whatsoever. But when it comes to supporting veterans or disabled people who really can't support themselves, I'm not going to object to my tax dollars being used to help these people, because that's probably about as noble a thing our government does with our money. However, when our government bails out multi-billion dollar businesses off of our hard earned cash while the rest of us suffer, they're being entirely uncharacteristic of the democratic society upon which this nation was supposed to be founded upon (by the people for the people). Almost all the money from the first bailout went to corporations, so that they could stay afloat despite their devious financial practices. They'll return the favor later on, by giving large donations back to politicians when the time comes for elections and whatnot. What it all comes down to is a never ending reach-around between dirty politicians and despicable corporate bastards, while hardworking Americans just have to suck it up because they don't possess the power to vote on any of these issues.

Answer 7

C -but!-- the government regulations are "bent" to favor certain cronies and punish those who aren't playing right.

If you will, when the "government regulates the market substantially" it is an irresistable magnet for GRAFT. Once graft is established, new unconnected players (which is to say new capitalists) are locked out.

"Welfare Capitalism" becomes "Crony Capitalism." A lot of this is happening right now in the natural resource and finance sectors of the economy... so says the pro-capitalism reference below.

Answer 8

RE:
"Welfare Capitalism"?
Welfare Capitalism?
Welfare Capitalism.

a. no longer exists
b. was the economic system that predominated the 18th century
c.is an economic system in which the market operates but the
government regulates the market substantially.
d. is an economic system in which most members of society...

Answer 9

Stephanie nailed it.

Welfare capitalism exists because laissez-faire capitalism will fail (it has before) from it's own internal contradictions. To prevent economic revolution (the propertied class wants to keep their property) they patch up the system with welfare.

It's time to move beyond these failed economic paradigms.

Answer 10

Capitalism is the absence of government intevention in the economy, a system where the government intervenes, takes the wealth of one and gives it to another is socialism not capitalism, no such thing as welfare capitalism can exist, it is a euphemism for the system in which we presently live, socialism.