Socialist Welfare with Chinese Characteristics: The Reform of the Social Security System in China. Nelson W. S. ChowSocialist Welfare in a Market Economy: Social Security Reform in Guangzhou, China. Nelson Chow , Yuebin Xu

2002 ◽  
Vol 48 ◽  
pp. 218-220
Author(s):  
Gu Xin
1998 ◽  
Vol 47 (3) ◽  
Author(s):  
C. Christian von Weizsäcker

AbstractA “Social Market Economy” in the spirit of Ludwig Erhard is quite different from the present day economy which I call the Status Quo Economy. The Social Market Economy is substantially more deregulated, has a much smaller social security system, and a higher rate of innovation. It is argued that a transition to a “Social Market Economy” could raise the income of all income strata. Therefore using the Rawls criterion of justice, the Social Market Economy is more just than the Status Quo Economy, even though inequality is likely to be larger.


2018 ◽  
Vol 57 (6) ◽  
pp. 1146-1149
Author(s):  
Christina M. Cerna

On July 18, 2018, the Organization of American States (OAS) adopted a resolution on the crisis situation in Nicaragua, almost thirty-nine years after the date of the triumph of the Nicaraguan Revolution over the dictator Anastasio Somoza. The crisis started three months earlier, on April 18, 2018, unexpectedly, when pro-government groups violently crushed a protest demonstration against reforms to Nicaragua's social security system announced by President Daniel Ortega's wife, Rosario Murillo. The “reforms” increased the contributions to be paid by workers and pensioners and decreased their benefits, in order to shore up the failing social security system, widely seen as a source of discretionary funds abused by previous governments. Corruption was not unique with Ortega. Arnoldo Aleman, for example, a former president of Nicaragua (1997–2002), was convicted in 2003 of money laundering, fraud, embezzlement, and electoral crimes, and sentenced to twenty years in prison. The demonstrators against the social security reform resented paying for the state's mismanagement of the system. Subsequently, as the demonstrations increased, the protesters equated Ortega with Somoza and called for his departure as they had done for Somoza's. Since April 18, some 400 Nicaraguan demonstrators have been killed and over 2,000 have been injured.


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