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词汇 welfare capitalism
释义

Definition of welfare capitalism in English:

welfare capitalism

noun

  • 1(Especially in the United States) the provision of various welfare initiatives by large, non-unionized companies for their employees.

  • 2A capitalist economic system in which income tax and levy on private enterprise is used by the state to fund comprehensive welfare provision.

Origin

1920s; earliest use found in The American Economic Review.

Definition of welfare capitalism in US English:

welfare capitalism

noun

  • 1(Especially in the United States) the provision of various welfare initiatives by large, non-unionized companies for their employees.

  • 2A capitalist economic system in which income tax and levy on private enterprise is used by the state to fund comprehensive welfare provision.

Origin

1920s; earliest use found in The American Economic Review.
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