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50 Things That Made the Modern Economy

Welfare State

50 Things That Made the Modern Economy

BBC

Business

4.82.6K Ratings

🗓️ 7 October 2017

⏱️ 10 minutes

🧾️ Download transcript

Summary

The same basic idea links every welfare state: that the ultimate responsibility for ensuring people don’t starve on the street should lie not with family, or charity, or private insurers, but with government. This idea is not without its enemies. It is possible, after all, to mother too much. Every parent instinctively knows that there’s a balance: protect, but don’t mollycoddle; nurture resilience, not dependence. And if overprotective parenting stunts personal growth, might too-generous welfare states stunt economic growth? Producer: Ben Crighton Editors: Richard Knight and Richard Vadon (Image: Frances Perkins, Credit: Getty Images)

Transcript

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0:00.0

50 Things That Made The Modern Economy with Tim Harford

0:16.0

Women in politics are sometimes accused of consciously exploiting their femininity to get

0:21.4

a head in a male-dominated world.

0:27.4

Francis Perkins did that, but in an unusual way. She tried to remind men of their mothers.

0:37.2

She dressed in a plain, three-corned hat, and she refined the way she acted based on careful

0:42.9

observation of what seemed to be most effective in persuading men to accept her ideas.

0:52.4

Perhaps it's no coincidence that those ideas could reasonably be described as maternal,

0:58.4

or at least parental. Any parent wants to shield their children from serious harm,

1:04.8

and Perkins believed governments should do the same for their citizens.

1:09.4

She became President Franklin D. Roosevelt's Secretary of Labor in 1933.

1:15.3

The Great Depression was ravaging America. A third of workers were unemployed.

1:20.3

Those in jobs saw their wages plunge. Perkins drove through the reforms that became known

1:26.3

as the New Deal, including a minimum wage, benefits for the unemployed, and pensions for

1:32.3

the elderly. Historians will tell you it wasn't Francis Perkins who invented the welfare

1:39.6

state. It was Otto von Bismarck, chancellor of the German Empire half a century earlier.

1:46.6

It was largely during Francis Perkins era that various welfare states took their recognisably

1:52.5

modern shape across the developed world. Details differ from place to place, measure to

1:58.1

measure, and time to time. But the same basic idea links every welfare state, that the

2:05.0

ultimate responsibility for ensuring people don't starve on the street should lie not

2:10.1

with family, or charity, or private insurers, but with government.

2:19.8

This idea is not without its enemies. It is possible, after all, to mother too much, and

2:26.6

if overprotective parenting stunts personal growth, might two generous welfare states

...

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