welfare capitalism

noun

: capitalism characterized by a concern for the welfare of various social groupings (as workers) expressed usually through social-security programs, collective-bargaining agreements, state industrial codes, and other guarantees against insecurity

Word History

First Known Use

1924, in the meaning defined above

Time Traveler
The first known use of welfare capitalism was in 1924

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Dictionary Entries Near welfare capitalism

welfare

welfare capitalism

welfare economics

See More Nearby Entries 

Cite this Entry

“Welfare capitalism.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/welfare%20capitalism. Accessed 22 Nov. 2024.

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