SOSC 1000 Lecture Notes - Keynesian Economics, Government Spending, Neoliberalism

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Labour and globalization: pwc--- post war compromise, kws--- keynesian welfare state, collective bargaining law will expand among public work place and private. 1st a rubber worker with less than grade 8 will be able to send kids to university and have a stay at home wife . 2nd priority will be high and stable , high rates of employment . full employment is the goal. People will have the chance to own their own home expanded mass production and mass consumption -- 3rd social policy --- welfare and social citizenship : welfare will create new public services , public sector increase , new kinds of employment regulated under social safety net old age security , unemployment insurance. 1st investment evolves it will remain in private hands there is no socialization of investment: except in times of economic down turns when government has to intervene. 3rd social safety net the social wage in other words.

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