Why welfare states depend on economic growth and how that could change - Lecture

A graphic for the 'Why welfare states depend on economic growth' lecture with Professor Milena Büchs

Event details

TBC
Free of charge

Description

Join us for this fascinating discussion with as we explore the relationship between economic growth and the welfare state.

Critiques of economic growth are receiving increased scientific and public attention. The post-growth literature discusses how wellbeing for all can be achieved within planetary boundaries. However, current welfare states are often seen as growth dependent. The drivers of welfare state growth dependencies and related policy responses remain poorly understood.

In this talk, Milena will give an overview of drivers and policy responses based on research which used a semi-systematic literature review and was funded by the Horizon Europe funded . The analysis identifies key drivers that the literature discusses such as the growth dependence of employment and related welfare funds, rent extraction and for-profit provisioning, increasing inequality, ageing societies, political power of vested interests, and environmental impacts.

Related policy responses proposed in the literature include maintaining employment without growth, using less growth dependent revenues, limiting rent-seeking and political power of vested interests, pre- and redistribution, preventative health approaches and climate change mitigation.

The talk will also briefly summarise how the literature discusses the question whether welfare state growth independence can be achieved within a capitalist system.

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