Lance on Jan 07 2008 | Filed under: Wealth, philanthropy
Over at the Wall Street Journal’s Wealth Report, Robert Frank notes:
Government outlays on physical infrastructure have declined to 2.7 percent of the gross domestic product, he says, from 3.6 percent in the 1960s. Philanthropic giving, in contrast, has jumped to nearly 2.5 percent of GDP.
This leads him to wonder:
With privatization all the rage, why not [...]
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