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Most political thinkers nowadays endorse a reformed or humanised capitalist system. In this context explain the ideal of a Welfare State ?

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Question

Most political thinkers nowadays endorse a reformed or humanised capitalist system. In this context explain the ideal of a Welfare State?

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Solution

These countries' citizens received state assistance during sickness, unemployment, and old age. Various social security measures have been taken in India also, such as the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), the National Food Security Act and the Pradhan Mantri Jan-Dhan Yojana (PMJDY).

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Industrial Revolution - Comparative Study of Socialism and Capitalism
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