POLS 1090 Lecture Notes - Lecture 3: Health Canada, Keynesian Economics, Ontario Health Insurance Plan
8 Feb 2015
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Document Summary
A major criticism was that by sustaining high levels of aggregate demand and employment workers could be in a strengthened position and demand higher wages from employers. Keynesian consensus after 1945 was sufficiently strong to outweigh concerns over inflations. And its impact on employers in terms of wage demand. The orthodox approach which had argued for balanced budgets and deficits avoidance was fundamentally changed. Social security program the welfare state. State specific programs are developed to manage specific inequalities under capitalism. Deep inequality that is derived from the dependence of wage workers on their income to purchase the necessities. Deeply different abilities to fund different activities. After the war, more attention to the inequalities in the areas of education (public education should be expanded), health, pensions and social assistance. Major increase in public expenditure to fund post-secondary education new universities and colleges were built. Tuition fees were much lower and university funding was based on government grants.
