welfare - limited quantities. Finally, a word about...

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There are significant omissions which are necessary in order to render the Individualist’s optimism plausible. Either workers and businessmen would have insurance of various kinds, or they would be insecure in their prosperity. If they did have the insurance to cover health problems, old age and possible job loss, then they would pay for it; hence they would not be spending their whole earned income on consumer goods. Those who run the insurance schemes could, of course, put this money back into the economy—but government schemes already do this. The economic boom under Individualism would not be as loud as originally expected. Furthermore the goal of increased consumption-increased productivity must be questioned from an ecological viewpoint: many necessary materials are available only in
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Unformatted text preview: limited quantities. Finally, a word about charity. It is not to be expected that those who are at the mercy of charities will benefit from this state, either materially or psychologically. Those who prosper will be able to choose between giving a great deal to charity and suffering from the very real insecurity and guilt which would accompany the existence of starvation and grim poverty outside their padlocked doors. It is to be hoped that they would opt for the first alternative. But, if they did, this might be every bit as expensive for them as government-supported benefit schemes are now. If they did not give generously to charity, violence might result. However one looks at it, the consequences of Individualism are unlikely to be good....
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This note was uploaded on 11/26/2011 for the course COMPUTER S 1003 taught by Professor Angelosstavrou during the Spring '11 term at King Saud University.

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