The role of government in addressing social issues was crucial from "summary" of The affluent society by J.K. Galbraith
In the modern affluent society, the government plays a pivotal role in addressing social issues. This is because the market mechanism alone is not sufficient to tackle the complex and deep-rooted problems that plague society. Government intervention is necessary to provide public goods and services that the market fails to deliver efficiently. One of the key functions of the government is to ensure social stability and cohesion. In an affluent society, there is a growing disparity between the rich and the poor. This income inequality can lead to social unrest and conflict if left unchecked. The government must step in to redistribute wealth and provide social welfare programs to ensure that everyone has access to basic necessities such as healthcare, education,...
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