Policy & Politics free article

The following article from the latest issue of Policy & Politics has been made free for the rest of August:

Welcome relief or indecent subsidy? The implications of wage top-up schemes

Abstract:

A key policy response to the downward pressure on wages of the lowest-paid workers in the developed economies of the capitalist world has been the introduction of meanstested cash transfer schemes by which to top up low wages. Findings from a study of the experiences of the beneficiaries of a particular scheme (the United Kingdom’s Working Tax Credit) suggest that, although schemes may serve to relieve the poverty of low-paid workers and their families, the extent to which they promote the accessibility of ‘decent work’ is ambiguous.

View the pdf now.

DEBATE: ‘Capitalism works only when the rewards are seen to be shared’

Policy & Politics Debates, July 2012
Sarah Ayres, Associate Editor, School for Policy Studies, University of Bristol

The most recent ‘debates’ articles for Policy & Politics are written by Stewart Lansley (Visiting Fellow, University of Bristol) and Professor Kevin Doogan (Centre for Urban and Public Policy Research, University of Bristol).

Lansley charts the growth of inequality under capitalism since the 1970s. He contends that ‘the proceeds of economic growth have been increasingly colonised by a small financial and business elite’ and that this trend is unsustainable. The forces driving higher levels of inequality remain in place and this, it is argued, makes economies increasingly unstable and prone to crisis. You can read the article, ‘Capitalism works only when the rewards are seen to be shared’ for free here.

Doogan responds by suggesting that appeals for a ‘nicer capitalism’ are perhaps unrealistic and instead solutions need to be found in broad societal transformations, rather than incremental reforms of the capitalism system. His article, ‘A fairer capitalism?’ is also now available for free here.

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