POLSCI 140 Lecture Notes - Lecture 18: The The, Median Voter Theorem, Proportional Representation
Document Summary
Relationship between production systems, welfare state types, and political systems. Investment in specific skills through vocational training and employer coordination. Corporate governance capital is more patient . Investment in general skills through public education. Corporate governance dependent on short-term returns and market signals. Only explains 18 oecd countries; leaves out much of southern europe; post- socialist and developing world. But typology useful for historical patterns and models for late developing states. Capitalist democracies should (do) have some degree of income inequality. Median citizen (voter?) is assumed to desire some degree of redistribution because median income will be lower than the average income. The difference between median and average income is more extreme as income inequality rises. Average earner would not be affected by redistribution, since it takes money from the rich to give to the poor. As income inequality increases, we should see this intensify.
