Business of Giving: Socialism in America Is Impossible
Collaboration among nonprofits, donors, and the government is too successful.
Considering what I've learned in 35 years working for nonprofits, I confidently say that this can never be the case.
America will never become socialist because our advancement as a nation depends too greatly on the work of private donors (including individuals, corporations, and corporate foundations) in partnership with nonprofit organizations and the government to work together to find solutions to society's most complex problems.
This uniquely American "social trinity" ensures that responsibility for public welfare can't rest solely on the shoulders of the state. It hasn't happened, isn't happening, and won't happen because the system we've developed is too effective to be tossed into the recycling bin in favor of government agencies created to do the job nonprofits do so well.
Nonprofits are the idea labs, the guinea pigs, and the research and development departments for social theory. The government has no interest in taking on that role because it doesn't like to take risks. That's what non-profits do (thanks to the financial backing of their supporters). And when the right risks are taken, amazing results occur -- results that save taxpayers and the government money in the long run.
Here's an example: In an effort to find a solution to the intractable problem of juvenile justice and its related expense, private funders, including the Annie E. Casey Foundation and The William T. Grant Foundation, partnered with the New York City Department of Education, the Youth Leadership Academy, Boys & Girls Clubs of America, and Children's Aid to develop a better and cheaper way of dealing with adolescents involved in the juvenile justice system.
Instead of detaining them at a cost of almost $20,000 a month or locking them up for a price tag of $120,000 a year, we came up with a program that costs a fraction of the current program, keeps kids out of correctional facilities, and teaches them skills to deal with school, work, and the real world.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.
Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
Daily Recap Newsletter