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ON PHILANTHROPISTS AND THEIR ACTS OF PHILANTHROPY

Dr. V.E.”Bill” Haloulakos is an AIAA National Distinguished Lecturer and a contibutor to The Business Thinker

The purpose of this article is to propose and “make the case” for an expanded definition of the words “Philanthropy” and “Philanthropist” which, is as follows:

Modern-Day Responsible Capitalism is the best example of true philanthropy.

It creates an environment of economic progress and free enterprise which allows individuals to improve themselves, provides employment for many people, who in turn improve their lot and that of their families, expands wealth, which then provides opportunity for all, including for the “not so entrepreneurial” individuals as well.

It is to be noted from the start that we are not suggesting that there are not predatory and/or corrupt capitalists who do damage and bring shame to the free market enterprising business. But we are discussing the great value of the majority of the consumer product and/or service oriented free enterprise operations that have advanced our country and the world economy to unforeseeable heights and great prosperity to its people.

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