Welfare capitalism: A new approach to poverty policy?

In response to the conservative triumph in welfare reform, "welfare capital ism" has been proposed as an agenda for alleviating poverty. Welfare capita lism is made up of three strategies: wage supplements, such as the Earned I ncome Tax Credit, the Work Opportunity Tax Credit, and direct supplementati on of wages; asset building through Individual Development Accounts and mic rocredit; and community capitalism, demonstrated through Community Developm ent Financial Institutions. These strategies could be integrated through co mmunity financial services that would provide direct financial services to loci-income families and aggregate capital in order to leverage community d evelopment projects We finally examine whether welfare capitalism is a repl acement for public welfare or merely a helpful sequel or addition to its pr ograms.