Many Theorists Argued That Capitalism in the Nineteenth and Twentieth

question 25

Essay

Many theorists argued that capitalism in the nineteenth and twentieth centuries gave rise to the welfare state. Do you expect capitalism will lead further increases in the welfare state in the twenty-first century? Why or why not? As countries learn from and compete with one another, what is the likely impact on countries' welfare states? To avoid relying on speculation, refer to existing theories and empirical cases as possible in your response.