The two concepts are usually seen in complete opposition in our political discourse. The more capitalism and wealth, the familiar argument goes, the better able we are to do without a safety net for the poor, elderly, sick and young. And that’s true so far as it goes. What it doesn’t get at is that the forces that free market capitalism unleashes are precisely the forces that undermine traditional forms of community and family that once served as a traditional safety net, free from government control. In the West, it happened slowly – with the welfare state emerging in 19th century Germany and spreading elsewhere, as individuals uprooted themselves from their home towns and forged new careers, lives and families in the big cities, with all the broken homes, deserted villages, and bewildered families they left behind. But in South Korea, the shift has been so sudden and so incomplete that you see just how powerfully anti-family capitalism can be…
via How Capitalism Creates The Welfare State « The Dish.
Related articles
- The Paradigm Shift Dilemma (dailypaul.com)
- Hayek and the Welfare State (coordinationproblem.org)
CALL ME MAGGIE 
Capitalism is a cancer. Whole system is sick and is missing the point. I suppose there wont be any – ism in the future. We have to believe in utopia, there is no other way for improvement otherwise.