TITLE

What Happened to the Good Society?

PUB. DATE
July 2001
SOURCE
Challenge (05775132);Jul/Aug2001, Vol. 44 Issue 4, p5
SOURCE TYPE
Academic Journal
DOC. TYPE
Interview
ABSTRACT
The article presents an interview with economist John Kenneth Galbraith. In this interview, he argues that the influence of money is not so great as to change the prospects for a return to a more progressive era. As for a tax cut, he would prefer more government programs to stimulate the economy. On the question of obligation toward creating good society, he said that there has indeed been a shift in the underlying structure of the economy from the old-fashioned capitalist to the dominant group in modem times namely, the managers of the great corporations. The managerial structure wanted to take control of the government as well as business. On the question of tax cut, he said that all top management personnel is to associate good government policy with what is good for their own enterprise and for their own well-being. Somebody like the vice president, who has a tax bill of 14 million dollars, does not reflect strongly on the effect of the tax system on the poor. But he does reflect strongly on the effects of the tax system on the corporation and the affluent.
ACCESSION #
4753361

 

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