Not a day goes by when there’s not some concern raised about the state of the economy and how people are faring. While recent economic growth has been promising, wage growth is lackluster, many say. The middle class is shrinking. There’s too much income inequality, and the list goes on. These concerns are often compelling. Who wouldn’t like to see more opportunity and more growth? People yearn for the good life, to experience real human flourishing. Yet many in our society seem to be falling short.
Surely there must be something more that we as a society can do. Are there not public policies and programs, many ask, that, if structured and funded properly, could lead to the outcomes we seek? It’s a tempting vision and, for many, government intervention in the economy seems compassionate and fair. Yet this approach raises a number of questions. Do such public policies and programs actually work? More importantly, do they cohere with our traditional values of justice and charity?
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