Overnment as a Social Tool or Business Partner

Government as a Social Tool or Business Partner
The argument that industry (as represented on Wall Street) plays a vital role in fostoring economic growth and job creation and therefore warrants federal subsidization (supply-side economics), comes at a time when much of the country s social and welfare programs are being cut-back in an effort to balance the national budget. The theory is that social programs should be funded by the private sector. Does government have a responsibility to support social programs (demand-side economics)? Or both? Develop the economic argument on the pros and cons of this issue.
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The Levy Economics Institute
Corporate Subsidies

Other References: Zinn, A people s history of the United States, pages 551 to 588.