Sentence:  In order to grant the rich these pleasures, the social contract is reconfigured. The <WSD>welfare state</WSD> is dismantled. Essential public services are cut so that the rich may pay less tax. [...] 
Meaning of the word marked with <WSD> tags:  A social system in which the state takes overall responsibility for the welfare of its citizens, providing health care, education, unemployment compensation and social security.