Do classical liberals overestimate the ability of private philanthropy to deal with the complex social problems of the industrial and postindustrial age? If so, the best way to promote economic security and individual flourishing may involve a combination of market growth and state-provided welfare programs.

Samuel P. Hammond is director of poverty and welfare policy at the Niskanen Center.
EconomyEntitlements and WelfareFood StampsMedicare, Medicaid, and ObamacareSocial SecurityTaxes and Budget