Aftershock: the post-crisis social investment welfare state in Europe

Patrick Diamond and Roger Liddle

in Towards A Social Investment Welfare State?

Published by Policy Press

Published in print November 2011 | ISBN: 9781847429247
Published online May 2012 | e-ISBN: 9781447305613 | DOI:
Aftershock: the post-crisis social investment welfare state in Europe

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The focus of this chapter is the prospects for the social investment state in the wake of the worst financial crisis for more than eighty years. The concept of social investment alludes to ideas and strategies that change the basic character of the welfare state shifting from remedial to pre-emptive approaches, from compensatory income redistribution to pro-active investment in human and social capital over the life course. The global financial crisis and recession has added renewed urgency to the debate about the future. Before the crisis, most discussion centred on technical questions of implementation, and whether EU processes were effective in promoting reform at member state level. Now the issue is whether a social investment strategy remains right and politically feasible for the new era ahead.

Keywords: inequality; neo-liberalism; redistribution; life chances; activation; financial crisis; social investment

Chapter.  9749 words. 

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