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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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In 2011, the University of Wisconsin-Madison gave its Entrepreneurial Achievement Award to three alumni: Mark Bakken, James Dahlberg, and Dorri McWhorter. This year, the school bestowed the award...more
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Foundation: Community Foundation of Fayette County
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Arizona State University's general studies requirements have been updated, and one new category is getting a lot of attention: sustainability. The Arizona Republic reports on the changes, which...more
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Social Entrepreneurship
Spotlight
Why People Buy from Social Enterprises?
The Guardian has compiled a list of responses to its latest open thread, and has announced the winner of the social enterprise gift hamper packed with presents.