Welfare capitalism is capitalism that includes varying degrees of social welfare policies 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.
Welfare capitalism is capitalism that includes varying degrees of social welfare policies 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.
Source: Wikipedia "Welfare capitalism" · CC BY-SA 4.0
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