Social Democratic Capitalism: How to use Government to Make Lives Better in a Capitalist Economy
from 12:00 PM to 01:00 PM
Social democratic capitalism" is characterized by mostly private ownership and markets, generous public insurance, employment-oriented public services, and light-to-moderate regulation of product and labor markets. The experience of the world's rich democracies suggests that social democratic capitalism is superior to alternatives at achieving economic security, low poverty, equality of opportunity, and high employment, and it is no worse than alternatives at achieving an array of other outcomes we desire in a good society, from rapid economic growth to good health to happiness. Could the United States adopt this model? Could California?
Lane Kenworthy is professor of sociology and Yankelovich Chair in Social Thought at the University of California, San Diego. He studies the causes and consequences of living standards, poverty, inequality, mobility, employment, economic growth, social policy, taxes, public opinion, and politics in the United States and other affluent countries. He is the author of several books, including The Good Society, How Big Should Our Government Be? (2016, with Jon Bakija, Peter Lindert, and Jeff Madrick), Social Democratic America (2014), Progress for the Poor (2011), Jobs with Equality (2008), Egalitarian Capitalism (2004), and In Search of National Economic Success (1995). His research has been funded by the National Science Foundation, the Economic and Social Research Council, and others.