Varieties of Democratic Welfare Capitalism

A.      The conservative regime is most often found in Catholic countries and stresses job protection and high wages in order to allow a male breadwinner to be the sole support of his family.

B.      The social democratic regime is found in the Nordic countries stresses government provision of social services and income supports to create a more egalitarian society and allow (some say require) both men and women to work.

C.      The liberal version is found in the United States and, to a lesser degree, in other Anglo-Saxon countries and tries to offer government support for those who can’t work in the job market.  It generally has looser labor laws that make it easier to hire and fire people.

Lecture 35, Course Guidebook for “Thinking about Capitalism”, Jerry Z. Muller, The Catholic University of America, The Great Courses #5665, 2008, page 143.

Italicized parenthetical was added by me.

http://www.thegreatcourses.com/courses/science/social-sciences/thinking-about-capitalism.html

Gosta Esping-Anderson Model