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Welfare and wellbeingRichard Titmuss's contribution to social policy$
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Pete Alcock, Howard Glennerster, and Ann Oakley

Print publication date: 2001

Print ISBN-13: 9781861342997

Published to Policy Press Scholarship Online: March 2012

DOI: 10.1332/policypress/9781861342997.001.0001

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The irresponsible society

The irresponsible society

Chapter:
(p.141) Chapter One The irresponsible society
Source:
Welfare and wellbeing
Author(s):

Adrian Sinfield

Publisher:
Policy Press
DOI:10.1332/policypress/9781861342997.003.0013

This chapter opens with a challenge to ‘socialists — to re-define the inherent illogicalities and contradictions in the managerial capitalist system’. Titmuss explores the impact of the ‘the changing concentration of economic and financial power’. The chapter notes that the power of pension funds and insurance companies and their ‘irresponsible decisions’ are issues which Richard Titmuss is particularly well-equipped to understand from his own early work in insurance. It further notes that it is a theme that Titmuss frequently returned to in examining what he calls the ‘threatening concentrations of power and privilege’ which, whether consciously or not, ‘increasingly become the arbiters of welfare and amenity for larger sections of the community’.

Keywords:   socialists, managerial capitalist system, financial power, pension funds, insurance companies, power, welfare, amenity

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