By Harry G. Shaffer
This booklet is an excellent creation to capitalism for the lay reader. Shaffer's kind is very readable, funny and nentertaining. He covers a large variety of subject matters, elevating provocative questions on how concerned govt will be in such things as future health care and schooling.
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Additional resources for American Capitalism and the Changing Role of Government
Millions of unemployed workers are hired on a temporary or contingency basis (usually at lower pay and without health care benefits to boot), and find themselves out of work again after two or four weeks on the job; others are laid off for two or three months or discharged altogether and, the labor market being what it is, it may take a while for them to find suitable new employment. 5 million) were without jobs for some time during that year. A seven-part series on layoffs and ‘‘downsizing,’’ published in the New York Times in March 1996, found that nearly three-quarters of all households had experienced layoffs since 1980, and in one-third of them, a family member had lost a job.
There are the ‘‘new poor,’’ formerly reasonably well paid but currently unemployed white or blue collar workers whose companies have ‘‘downsized’’ their workforce, small farmers who have lost their family farms, and small businessmen and businesswomen who have succumbed to competition on the market place. And from the ranks of those above come the homeless, some but certainly not a majority with serious physical, mental, alcohol, or drug addiction problems. Homeless in our country number in the hundreds of thousands—a new phenomenon since there were few before 1980.
In reduced income and sales tax collections (the unemployed don’t earn and don’t spend the way they used to), and therefore in detrimental effects on government budgets and on our national and state debts. To put the problem into global context, let us take a quick look at some other countries in similar stages of economic development. 2 trillion yen) four months later—in all more than five times that proposed by President Clinton, approved by the Congress, but filibustered by then minority Republican members of the Senate (although the economic slump of the mid- and late 1990s that eventually spread to most of Asia brought in its wake unemployment rates in Japan, approaching a previously unheard of level of 5 percent).
American Capitalism and the Changing Role of Government by Harry G. Shaffer