The Welfare State in the United Kingdom Essay
The United Kingdom is a Welfare State. In a Welfare State, the system of government enables the state to protect and promote the economic and social well-being of all its citizens. The basic objectives of a Welfare State is to foment the principles of equality of opportunity, non-discriminatory access to the wealth of the state and the state responsibility towards those members of the society who are unable to care for themselves or attain a minimum standard of living. In the United Kingdom, the basic idea of the British Welfare State has been articulated as the desire to care for all people resident in the United Kingdom "from the cradle to the grave".
The main objectives have been …show more content…
Keynesian economics - if the working population was paid more, then it would have more money to buy more which would, in turn, generate greater demand on industry and thereby greater economic wealth with the result that more jobs would be provided to meet this demand.
This philosophy has been put into practice by many governments across the world. The drawback is that it causes inflation. When workers are paid more, they spend more. When workers spend more, product demand increases. When product demand increases, prices rise. When prices rise, workers ask for more money in order to consume more. In other words, the value of money depreciates.