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public goods
plural noun
- services such as national defence, law enforcement, and road building, that are for the benefit of, and available to, all members of the public
Example Sentences
Doctorow’s concept about online platforms has since been applied everywhere and anywhere you can find capitalism hollowing out public goods.
The best way to do that is to implement policies that provide “public goods” that benefit society in general, in contrast to private goods that go to only a few people in particular.
As Smith told me during our conversation, such public goods include a wide range of things, including “national defense and a clean environment and law and order and efficient highway systems and those kinds of communications and … freedoms.”
The shift from the left side to the right side of the graph corresponds to the political process of democratization, meaning that more people get a say in whether the leader stays in power and, in turn, that whether they remain in power largely depends on the type and amount of public goods they provide the people.
Such goods are the only feasible way to improve the lives of your supporters, while also — by virtue of these being public goods — benefiting members of the opposition.
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