The Biggest Engine of Economic Growth? 8 Ways Taxpayers and the Government Are Necessary to Capitalism Dating back to Ronald Reagan, and even before, conservatives have constantly attacked government. The drumbeat repeats the notion that the private sector can do everything better. “Privatize everything” is the mantra. It’s hard to imagine anything more destructive to...
Read More...On NY1’s “Road to City Hall” the other day, I listened to former New York senator Alfonse D’Amato, former mayor Ed Koch, and former Comptroller Carl McCall, recently agreeing that there was no difference between billionaire Michael Bloomberg’s use of personal money in his mayoral campaign in New York, and Obama’s use of private fundraising activity during his...
Read More...Philanthropy has work to do. And it’s not simply to be charitable and feed the hungry. The scale of United States national debt is so big – we’re talking $11-14 trillion – and there is national, state, and municipal deficits too. Meanwhile, the amount of money held in most foundations for social justice and community-based...
Read More...We are now seeing in the extreme what happens in a boom and bust cycle–when the “boom” years are followed by a bleak period after the bubble bursts. To rid ourselves of these extreme gyrations, the government should act like a balance wheel, which aims both to stabilize social conditions and maintain social equilibrium. During the...
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