Welfare capitalism

industrial paternalismwelfare capitalistpaternalistreform capitalismWelfare-state capitalismwelfarismcapitalist welfare stateenlightened industrial paternalismindustrial paternalisticpaternal capitalism
Welfare capitalism is capitalism that includes social welfare policies.wikipedia
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Capitalism

capitalistcapitalistscapitalistic
Welfare capitalism is capitalism that includes social welfare policies.
These include laissez-faire or free-market capitalism, welfare capitalism and state capitalism.

Company town

company townscompany housingcompany-owned
"Welfare capitalism" or "welfare corporatism" is somewhat neutral language for what, in other contexts, might be framed as "industrial paternalism", "industrial village", "company town", "representative plan", "industrial betterment", or "company union".
Accordingly, there was no longer a need for the amenities of company towns which, prior to welfare capitalism, had previously been unattainable to the working class.

Nordic model

Swedish modelNordic welfare modelNordic social welfare system
Today, welfare capitalism is most often associated with the models of capitalism found in Central Mainland and Northern Europe, such as the Nordic model, social market economy and Rhine capitalism.

Henry Ford

FordHenry Ford IFord, Henry
When Henry Ford introduced his $5-a-day pay rate in 1914 (when most workers made $11 a week), his goal was to reduce turnover and build a long-term loyal labor force that would have higher productivity.
Ford was a pioneer of "welfare capitalism", designed to improve the lot of his workers and especially to reduce the heavy turnover that had many departments hiring 300 men per year to fill 100 slots.

Social market economy

Rhine capitalismsocial marketsocial capitalism
Today, welfare capitalism is most often associated with the models of capitalism found in Central Mainland and Northern Europe, such as the Nordic model, social market economy and Rhine capitalism.

Seaside Institute

The Seaside Institute is an example of a social club built for the particular benefit of women workers.
Together with similar buildings constructed for the welfare of employees such as the People's Club supported by mill owners in Lowell, Massachusetts, Seaside Institute stands as an example of 19th century philanthropy aimed at the welfare of employees or industrial paternalism.

Anglo-Saxon model

Anglo-Saxon economyAnglo-SaxonAnglo-Saxon economic model
In contrast to social welfare provisions found in other industrialized countries (especially countries with the Anglo-Saxon model of capitalism), European welfare states provide universal services that benefit all citizens (social democratic welfare state) as opposed to a minimalist model that only caters to the needs of the poor.
However, those who disagree with the use of the term claim that the economies of these countries differ as much from each other as they do from the so-called "welfare capitalist" economies of northern and continental Europe.

Sanford M. Jacoby

Jacoby, Sanford M.Jacoby
He is known for his studies of the transformation of work in American industry, corporate governance, Japanese management, and welfare capitalism.

Social democracy

social democraticsocial-democraticsocial democrat
Esping-Andersen categorised three different traditions of welfare provision in his 1990 book The Three Worlds of Welfare Capitalism; social democracy, Christian democracy (conservatism) and liberalism.
Some critics claim that social democracy abandoned socialism in the 1930s by endorsing Keynesian welfare capitalism.

Social corporatism

social corporatistclass compromisecooperated
In Northern European countries, welfare capitalism is often combined with social corporatism and national-level collective bargaining arrangements aimed at balancing the power between labor and business.

Skill (labor)

unskilled laborskilled laborskilled labour
Welfare capitalism in this second sense, or industrial paternalism, was centered on industries that employed skilled labor and peaked in the mid-20th century.

Mixed economy

mixed economiesmixedmixed economic systems
In some cases welfare capitalism exists within a mixed economy, but welfare states can and do exist independently of policies common to mixed economies such as state interventionism and extensive regulation.

Economic interventionism

government interventioninterventioniststate intervention
In some cases welfare capitalism exists within a mixed economy, but welfare states can and do exist independently of policies common to mixed economies such as state interventionism and extensive regulation.

Company union

yellow unionhouse unionsemployer-controlled trade unions
"Welfare capitalism" or "welfare corporatism" is somewhat neutral language for what, in other contexts, might be framed as "industrial paternalism", "industrial village", "company town", "representative plan", "industrial betterment", or "company union".

Sports team

teamsteamathletic teams
These companies sponsored sports teams, established social clubs, and provided educational and cultural activities for workers.

Social club

social clubssocialclub
These companies sponsored sports teams, established social clubs, and provided educational and cultural activities for workers.

Industrial Revolution

industrialindustrialismindustrial era
Welfare corporatism in the United States developed during the intense industrial development of 1880 to 1900 which was marked by labor disputes and strikes, many violent.

New Lanark

LanarkOwen
One of the first attempts at offering philanthropic welfare to workers was made at the New Lanark mills in Scotland by the social reformer Robert Owen.

Reform movement

social reformsocial reformerreformer
One of the first attempts at offering philanthropic welfare to workers was made at the New Lanark mills in Scotland by the social reformer Robert Owen.

Robert Owen

OwenOweniteMr Owen
One of the first attempts at offering philanthropic welfare to workers was made at the New Lanark mills in Scotland by the social reformer Robert Owen.

Manchester

Manchester, EnglandManchester, United KingdomCity of Manchester
He became manager and part owner of the mills in 1810, and encouraged by his success in the management of cotton mills in Manchester (see also Quarry Bank Mill), he hoped to conduct New Lanark on higher principles and focus less on commercial profit.

Quarry Bank Mill

'''Quarry Bank Mill''' GregQuarry Bank Mill and Styal Estate
He became manager and part owner of the mills in 1810, and encouraged by his success in the management of cotton mills in Manchester (see also Quarry Bank Mill), he hoped to conduct New Lanark on higher principles and focus less on commercial profit.