The course and development of capitalism is a central issue in sociological analysis Marx, 1936 Harrington, 1976 Bernstein, 1985 Badham, 1984 Baran and Sweezy, 1977 Dahrendorf, 1959 Mandel, 1976. Though there is little agreement on the destiny of capitalism, there is general recognition that capitalism has been altered by recent social change. These changes have been widely discussed around ideas pertaining to the regulation of economic actors, legal constraints on wages and the general increase of welfare programmes. Of these developments, welfare and social services have been the most carefully monitored in the sociological literature. Since welfare programmes provide goods and services without regard to social and economic status, welfare has been correctly interpreted as a significant modification of capitalism.
International Journal of Sociology and Social Policy – Emerald Publishing
Published: Feb 1, 1989