TUT - Feb28.docx

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11 Apr 2012
POL203Y1: U.S. Government and Politics February 28th, 2012.
Liberal market economies vs. social market economies
Liberal market economy:
Social market economy: many European countries; very structured in terms of labour
regulations; have more generous welfare state economies
Winner Takes All Politics
Main point: despite fact that theoretically have majority of ppl able to elect same
mentality as they do when it comes to economic concept, people in upper
economies sphere have over amounted influence on politicians
So changes that occurred in 70s really influenced trajectory of politics today
Used mid 1970s as startup to diff direction
Try to deal w/ competing explanation w/ why inequality has grown so much from
this time period
Authors in book make the argument that its because of politics
Government has always favoured super wealthy over working class
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