> No, the modern welfare state is not capitalism, it's a socialist reaction to c...

		fault_lines on July 30, 2020 \| parent \| context \| favorite \| on: Universal Basic Income is Capitalism 2.0 > No, the modern welfare state is not capitalism, it's a socialist reaction to capitalism. You have this completely backwards. The welfare state is a bourgeois reaction to socialism. It is capitalism with a bulwark against revolt.