What happens in countries that practice welfare capitalism?

answer:

At a basic level, welfare capitalism is a business-favored policy that believes the private sector can provide social welfare programs more effectively than the federal government.

Welfare capitalism policies often work against more socialist policies of the welfare state, characterized by government mandated social welfare programs. ... Welfare capitalism provided social programs to help worker's rights and also to increase worker production and economic development.

Welfare capitalism is also the practice of businesses providing welfare services to their employees. Welfare capitalism in this second sense, or industrial paternalism, was centered on industries that employed skilled labor and peaked in the mid-20th century.

Explanation:

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