SOSC 1510 Study Guide - Final Guide: Active Labour Market Policies, Business Roundtable, Neoliberalism
6 Dec 2016
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Five of these questions will be on your exam next week, full answers are expected: evaluate capitalism in terms of wealth and poverty, power and control, and inequality and con ict. (chapter 1 of the book) Capitalism is an economic system in which trade, industry, and the means of production are controlled by private owners with the goal of making pro ts in a market economy. There are the richest at the top controlling the wealth and distribution for everyone underneath. The welfare state was part of the post-war compromise. Labour fought against how capitalism was conducted in the 1800"s and early 1900"s and nally achieved a compromise after 1945 > gaining new rights and creating new institutions, most notably, the welfare state. The welfare state may include a commitment to full employment and active labour market policies that train and support workers until they nd good jobs.
