Chapter 13 Notes.pdf

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Matthew King

Chapter 13 Notes John Maynard Keynes asserted that in times of economic downturn, national governments should establish social programs to ensure that people would still have enough money to purchase goods, thus sustaining individuals and families and keeping economies functioning. In the Keynesian welfare state, governments were to finance this intervention by increasing taxes in times of economic growth and by deficit spending in times of economic slowdown. Neo-liberalism was a response to the perceived failures of Keynesianism, particularly high levels of public debt, declining economic competitiveness and a culture of entitlement through which an overly generous welfare state was said to have created a passive, dependent citizenry with a weak work ethic. Financial collapse of many of the world’s large banks, investment firms, and some national treasuries indicated that regulation was necessary and that the state did have a role to play to ensure some stability in the financial system. Some social welfare programs are delivered as direct services; children attend primary and secondary schools; Some social welfare programs are delivered as indirect services. (TAX reduction; child tax benefit given every month) Our eligibility for social welfare is also determined on a variety of bases, generally categorized as universal, contributory, and means-tested. Access to health care in Canada, for example is considered as a universal entitlement. Pension Plan are contributory social programs in that all workers and employers pay a portion of their earning into these schemes. Contributions do not guarantee access to benefits when people need them due to eligibility criteria. Means test program – social assistance was a key site of neo-liberal policy reform in most Canadian provinces. Keynesian model of socia
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