Welfare Capitalism

Welfare capitalism is capitalism which is concerned with the particular social welfare of the worker, and incorporates such policies because social security, widespread healthcare, collective bargaining, as well as industrial safety limitations. Welfare capitalism originated throughout the industrial revolution within 19th century Britain, when manufacturers began to offer benefits for their factory workers. At this point, it’s the function of capitalism found in Northern and Europe, where welfare provisions, including universal healthcare, are section of the capitalist system.