A Quote by Jim Stanford
Growth can also involve producing services instead of goods. In particular, a major expansion of public and caring services (like child care, education, elder care, and other life-affirming programs) would generate huge increases in GDP and incomes, with virtually no impact on the environment.
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Social incubators not only create economic impact but also have impact across sectors, such as healthcare, education, and the environment. As the interest in social innovation increases, there is a greater need to help existing programs improve and build new programs.
In the eighties and nineties, the innovation agenda was exclusively focused on enterprises. There was a time in which economic and social issues were seen as separate. Economy was producing wealth, society was spending. In the 21st century economy, this is not true anymore. Sectors like health, social services and education have a tendency to grow, in GDP percentage as well as in creating employment, whereas other industries are decreasing. In the long term, an innovation in social services or education will be as important as an innovation in the pharmaceutical or aerospatial industry.
Coming to the growth potential in financial services, there is enough data to show that, usually, financial services grow about twice or two and a half times of what the economy, the GDP growth rates.
Firms produce goods for households - that's us - and provide us with incomes, and that's even better, because we can spend those incomes on more goods and services. That's called the circular flow of the economy.
Although everyone does benefit from lower-priced goods and services, people also care greatly about the chance to be productively employed and the quality of their work. Declining employment opportunities feel real and immediate; the rise in real incomes brought by lower prices does not.
After-school tutoring programs, care for the elderly, shelters for the homeless, disaster relief work, and a variety of other services would all benefit from government funding.
Outsourcing and globalization of manufacturing allows companies to reduce costs, benefits consumers with lower cost goods and services, causes economic expansion that reduces unemployment, and increases productivity and job creation.
With rising pressures on councils, particularly on social care and looked-after children, we have to reshape the way public services work to break down the barriers and get services working together.
You have to have a government to provide you with legal order, with stability, enforcement of property rights, enforcement of contracts, definition of rules and regulations - the rules of the game, so to speak - and to provide certain shared goods and services, public services. Several people have tried to estimate this and they come out with figures like government spending at 15% of GDP. In the modern world it has gone to 40% or above. So we are way beyond the optimal, and that is easier to say than what the optimum is.
Where America has got to move is not growth for the sake of growth, but it`s got to move to a society that provides a high quality of life for all of our people. In other words, if people have health care as a right, as do the people of every other major country, then there's less worry about growth. If people have educational opportunity and their kids can go to college and they have child care, then there's less worry about growth for the sake of growth.
While other individuals or institutions obtain their income by production of goods and services and by the peaceful and voluntary sale of these goods and services to others, the State obtains its revenue by the use of compulsion; that is, by the use and the threat of the jailhouse and the bayonet.
Governors of both political parties face a stark choice between unpopular tax increases and drastic cuts in Medicaid, education, public safety and other essential services.
Social incubators not only create economic impact but also have impact in other sectors, such as healthcare, education, and the environment. As the number of social incubation programs increase in the global incubation sector, there is a greater need to help programs improve and help others start.
Canada is currently the only major industrialized country in the world that does not allow any private administration of health care services that are provided by the public system.
In functioning high-income countries, the government guarantees the provision of essential goods and services: medical care, transit between cities, supplies for public schools, financial support to weather a period of unemployment.
Food service workers, home care workers, farm workers, and other low-wage workers log long hours. They come home tired after providing services and producing goods that make our country stronger. They deserve fair treatment from their employers, and they deserve a voice in collective bargaining.
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