The historic ‘Tripartite Contract’ was introduced in society: it means that while capital hands over a large share of its profits to the workers, the labor aristocrats will abandon the aim of dismantling and changing the system, and the state will endeavour to reduce the wide wealth gap between the rich and the poor by carrying out progressive taxation and providing widespread social services under a ‘welfare state system’.
Naganap ang makasaysayang ‘Tripartite Contract’: habang nagkakaloob ang kapital ng malaking parte ng tubo sa mga manggagawa, unti-unting isinuko ng mga labor aristocrat ang hangarin ng pagbabagsak at pagpapalit ng sistema, at sinikap naman ng estado na ibsan ang masidhing inequality sa lipunan sa pamamagitan ng progressive taxation at malawak na serbisyong panlipunan na isinulong bilang ‘welfare state system’.