Capitalism and welfare 10 marker
- Created by: Rachellowe
- Created on: 12-04-18 15:25
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- Capitalism and welfare
- Capitalism
- Liberalism is born out of industrial capitalism
- It promotes individual responsibility
- Response to social change
- Challenges divine rights and promotes individuals natural rights
- The free market should have no state intervention
- Adam Smith - laissez faire economics
- The state should let individuals succeed/fail in the market on his/her own merits
- Modern liberals reject free market
- Needs a ‘mixed economy’ because unregulated free market leads to poverty, inequality and injustice
- Freedom of choice in the marketplace gives an inadequate conception of individual freedom
- Keynes = managed economy
- Liberalism is born out of industrial capitalism
- Welfare
- Classical liberals:
- Modern liberals:
- State should act as a vehicle to enhance liberty
- The welfare state: ‘help people to help themselves’
- The welfare state: ‘help people to help themselves’
- The state possesses a social responsibility to reduce or remove disadvantages to create a level for equality of opportunity
- State should act as a vehicle to enhance liberty
- The expanded welfare support in the UK was based on the Beveridge report
- Capitalism
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