ENV222H1 Lecture Notes - Lecture 11: Unemployment Benefits, Mcgraw-Hill Education, Consumerism

• School: UTSG
• Department: School of Environment
• Course: ENV222H1
• Professor: Douglas Mac Donald

Document Summary

Capitalist market needs economic growth: market = means of creaing & distribuing wealth (jobs, slowing down economic growth = increase unemployment. Current social safety net not the greatest (low employment insurance, welfare: on the contrary, feudalism & communism didn"t primarily use markets for jobs. Provide self-organizing system for producion & distribuion. More eicient than feudalism communism (neither gave priority to markets) Avoid the need to address redistribuion of wealth. Provide soluions to collecive acion problems (only state can) Generate equity through a fairer distribuion of wealth (only state can) Limit its growth to reduce env impact.