Panel Paper:
Disappointing Poverty Trends. an Empirical Investigation of the Growing Symbiosis and Contradiction with Capitalism in Rich European Welfare States
Tuesday, June 14, 2016
:
3:45 PM
Clement House, 2nd Floor, Room 06 (London School of Economics)
*Names in bold indicate Presenter
The welfare state is often seen too narrowly as a 'moral economy': capitalism with a social face, forced by harsh social conflict. However, the welfare state is also an important way to support the capitalist mode of production. Over the past four decades, we perceive the slow emergence of a new era of the welfare state. Using spending data, standard simulations and household income surveys we show for a selection of rich European nations that both the symbiosis and the contradictions with the market have become stronger. This explains why poverty did not decrease despite increasing incomes, welfare state efforts and employment.
