The welfare state is essential for social stability from "summary" of 23 Things They Don't Tell You About Capitalism by Ha-Joon Chang
The welfare state is essential for social stability because it provides a safety net for individuals in times of need. Without a welfare state, individuals would be left to fend for themselves in times of unemployment, illness, or old age. This lack of support can lead to social instability as individuals struggle to meet their basic needs. Furthermore, the welfare state helps to reduce inequality by redistributing wealth from the rich to the poor. This redistribution helps to ensure that everyone has access to basic necessities such as food, shelter, and healthcare. In doing so, the welfare state helps to create a more equal society where everyone has the opportunity to thrive. ...
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