What role did the welfare state play in the post war regime of accumulation?
The above question can be restated; what effect did the welfare state have on the post war regime of accumulation? I plan to argue that the welfare state played a hugely significant role in the post war regime of accumulation because it was actually its context. The ending of the Second World War marked a puncture in capitalism in that it ushered in both a new form of state and a new regime of accumulation which formed and developed within the welfare state countries, thus the role of the welfare state was to mediate, or shape the post war regime of accumulation. I plan to show this by briefly mentioning the pre-war equivalent, and by discussing the major elements of the post war welfare state and its impact upon the regime of accumulation.
Some definition of terms and setting of context is of value. Broadly speaking, the term ‘welfare state' describes a nation state in which the central......
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