Political Science 2211E Chapter Notes - Chapter 1: Keynesian Economics, Labor Rights, Welfare Rights
4 Apr 2020
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Document Summary
In the aftermath of the great depression and the second world war the classical laissez-faire doctrine of minimal state intervention was laid to rest in most. Legitimation" mandate based on the provision of material benefits to subordinate classes. 4 pillars: the state respected the key interests of capital: investment decision- making power was left in the hands of private enterprise. In exchange the state made 3 major concession to labour that, together, constitute the post-war welfare state. In 13 years in the post war period, government economic policy was unsuccessful in preventing a substantial rise in the level of unemployment. In 6 other years, government policy did not encourage a fall in the level of unemployment. In the remaining years, a low level of unemployment was the result of healthy economic conditions. In 1945 the federal government introduced a universal family allowance system.
