Tag Archives: socialist economics

Economic Safety Net

JP-pic 2Dr. John Psarouthakis, Executive Editor of www.BusinessThinker.com, Distinguished Visiting Fellow at the Institute of Advanced Studies in the Humanities, University of Edinburgh, Scotland, publisher of www.GavdosPress.com and Founder and former CEO, JP Industries, Inc., a Fortune 500 industrial corporation.

Our society must have a ” Safety Net”, however it should be such that does not lead to a socialist economy. If it does, the “Safety Net” eventually

will not be fulfilled since socialist economies can not generate the needed wealth. However, we must modify our current “Free Market” economic

model so that the wealth is distributed by the private sector in such a way that the “Safety Network” will be less demanding.