By Harry G. Shaffer
This ebook is an excellent creation to capitalism for the lay reader. Shaffer's sort is very readable, funny and nentertaining. He covers a wide variety of themes, elevating provocative questions about how concerned govt could be in such things as well-being care and schooling.
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Extra info for American Capitalism and the Changing Role of Government
Most are potentially normal children,’’ Dr. ’’ But the budget for subsidized housing was cut drastically during the 1980s, and new cuts seem to be in the offing now. ’’ Unfortunately, the Reagan-Bush years, and more even, the years of the mid- and late 1990s Republican Congress, have been defined by all-out efforts to dismantle gradually the economic, social, education, and health safety nets so carefully woven during the preceding 50 years. The detrimental effects of our ever-worsening income inequality have not been felt only by the poor, the unemployed, the welfare recipients.
75 and over four million were working for minimum wages or for less); middle-class incomes have remained virtually stagnant, but corporate profits have soared and the total value of stocks, held predominantly by the wealthy, has increased more than fivefold. ) Thus, the great majority of Americans have failed to share in the prosperity and the economic progress reported by our media; and for all too many anxiety, economic uncertainty, discontent, fear, and anger have been taking the place of the optimistic American dreams of yesteryear.
Could you imagine living in a pure laissez-faire economy in which the old, the sick, the handicapped, the poor and hungry would be left to shift for themselves, and where the children of those who couldn’t afford to pay would be left without schooling or medical care? Modern society could not possibly operate in such manner and survive in peace and prosperity. No indeed, except for the few anarchists among us, it’s not a question of government versus no government; it’s rather a question of how much government, for what purposes, and where the line should be drawn and the limits set.
American Capitalism and the Changing Role of Government by Harry G. Shaffer