welfare capitalism

Noun

uncountable

A form of capitalism that includes social welfare policies.

Japanese Meaning

社会福祉政策を含む資本主義の形態

After the economic crisis, the government strengthened welfare capitalism to expand unemployment benefits and public healthcare.

経済危機の後、政府は失業給付や公的医療を拡充するために社会福祉政策を取り入れた資本主義（福祉資本主義）を強化した。

Sense（1）

A form of capitalism that includes social welfare policies.