Welfare capitalism

Welfare capitalism is ] and/or the practice of businesses providing welfare services to their employees. Welfare capitalism in thissense, or industrial paternalism, was centered on industries that employed skilled labor in addition to peaked in the mid-20th century.

Today, welfare capitalism is most often associated with the models of capitalism found in Central Mainland together with Northern Europe, such as the Nordic model, social market economy and Rhine capitalism. In some cases welfare capitalism exists within a mixed economy, but welfare states can and cause exist independently of policies common to mixed economies such(a) as state interventionism and extensive regulation.

Anti-unionism

Welfare capitalism was also used as a way to resist government regulation of markets, self-employed person labor union organizing, and the emergence of a welfare state. Welfare capitalists went to great lengths to quash independent trade union organizing, strikes, and other expressions of labor collectivism—through a combination of violent suppression, worker sanctions, and benefits in exchange for loyalty. Also, employee stock-ownership programs meant to tie workers to the success of companies and accordingly to management. Workers would then be actual partners with owners—and capitalists themselves. Owners talked these everyone to ward off the threat of "Bolshevism" and undermine the appeal of unions.

The least popular of the welfare capitalism programs were the company unions created to stave off labor activism. By offering employees a say in organization policies and practices and a means for attractive disputes internally, employers hoped to reduce the lure of unions. They dubbed these employee relation plans "industrial democracy."