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American Capitalism and the Changing Role of Government (Hardcover)
Loot Price: R2,740
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American Capitalism and the Changing Role of Government (Hardcover)
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The conventional wisdom has it that a balanced budget is the height
of economic rationality, that social security should be privatized,
and that most adult welfare recipients could and should get jobs.
All our social and economic problems, we are told, are due to too
much government; if we only left the American free enterprise
system alone, the free market would heal all that ails our society
and lead to lasting prosperity. Challenging these widespread
stereotypes and myths, this book starts with the fundamental theory
underlying capitalist ideology, showing that even in theory an
unfettered free market cannot deal effectively with the many needs
of a modern economy. Our society has many social goals to which the
great majority subscribe-goals such as sustained full employment,
universal health care, and quality education for all. The free
market will not, the author argues, bring us quality education for
every American child, affordable universal health care, Social
Security for the elderly, assistance for the poor, or protection of
the environment. Only an active, participant government can affect
positive change in such areas of social concern.
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