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The author of the article argues that capitalism is the best system for our society in the United States. He cites failing socialist societies, such as Portugal, Greece and Italy to counteract the notion supported by today's youth that socialism is the best way to go.
He then goes on to describe our system as "philanthropic capitalism," rejecting the name "welfare capitalism." He supports this nomenclature by describing that the wealthy in our nation, for the most part, instead of being required to pay high taxes for certain benefits to the less fortunate, choose to give to charities.
He argues that this is more beneficial than socialism, and that many successful family businesses give back to the community in form of community donations. This can involve new buildings or donations to neighborhood initiatives. The author lists examples of Wisconsin small businesses that have given back to the community.
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Selected Foundation News
A customized collection of news from foundations from around the Web.
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Social Entrepreneurship
Spotlight
Calgary Social Enterprise Offers High-Tech Services by People with Autism
Meticulon, a project of Autism Calgary Association in partnership with the federal government and the Sinneave Family Foundation, operates as a social enterprise that renders high-tech services provided by people with autism, leveraging their natural abilities at requiring attention to detail, repetition, and sequencing.