Irwin Garfinkel – Author of “Wealth and Welfare States: Is America a Laggard or Leader?”

Debunking Myths: America’s Role in Wealth and Welfare States

Mike interviews Irwin Garfinkel.

Hey everyone, buckle up because we’re diving deep into a mind-bending conversation today. In this episode of Million Dollar Stories, We had the pleasure of sitting down with the brilliant Irwin Garfinkel, the author of “Wealth and Welfare States: Is America a Laggard or Leader?” Get ready to have your worldview shaken because this conversation was nothing short of eye-opening.


Irwin Garfinkel didn’t waste time dismantling myths surrounding America’s welfare state. He pulled back the curtain on misconceptions that have clouded our understanding of wealth creation and societal well-being.

First, let’s discuss the misconception that America has always lagged behind in terms of welfare states. Irwin shattered that notion by revealing America’s historical leadership in free public education during the 19th and 20th centuries. That’s right, folks. America was at the forefront of providing elementary education, a key ingredient in our capitalist success recipe.

He debunked the myth that America’s welfare state is tiny when you properly account for employer-provided health insurance. Turns out, America sits right in the middle of the pack. And let me tell you, the return on investment for education and healthcare is off the charts. Investing in our people pays dividends, plain and simple.

Now, let’s talk productivity. Irwin clarified that welfare states enhance productivity, except for pensions and healthcare for the elderly. Welfare programs contribute to better education, improved health outcomes, and longer lives. And get this: cash transfers to families with children have shown remarkable long-term benefits. It’s a win-win situation, folks.

Mike Fallat and Irwin Garfinkel talk about the book Wealth and Welfare States: Is America a Laggard or Leader?.

But enough about welfare states. Let’s shift gears and talk about something more controversial: gun control. We had a heated debate about it, but one thing’s for sure, he brings a wealth of knowledge and perspective.

And speaking of perspective, Irwin emphasized the role of education in shaping our understanding of wealth creation. He made a compelling case for capitalism with a touch of socialism, highlighting the importance of education and healthcare in building a thriving society. And you know what? I couldn’t agree more. Education levels the playing field, folks, and it’s about time we start treating it like the priority it is.

Let’s address one more myth: the idea that the wealthy are somehow disconnected from the struggles of the working class. Irwin reminded us that the rich come in all shapes and sizes, with some prioritizing profit above all else and others advocating for a more equitable society. It’s a reminder that wealth doesn’t define a person’s values or beliefs.

Our conversation with Irwin Garfinkel was nothing short of mind-blowing. His book, “Wealth and Welfare States: Is America a Laggard or Leader?” challenges our preconceived notions and offers a fresh perspective on wealth creation and societal well-being. So do yourself a favour and grab a copy today. Trust me, you won’t regret it.

Get his book here:

About Mike Fallat

Mike Fallat, aka The BookMan, is the owner of Dreamstarters Publishing and the Million Dollar Book Agency. They have helped 300+ entrepreneurs become bestselling authors. His goal is to help 1,000 entrepreneurs publish books and teach them how to use their books as a gateway to generating 7-figures.

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About Dreamstarters Publishing

Dreamstarters Publishing offers ghostwriting, cover design, and everything that is required to take an idea to a finished book (kindle, paperback, hardcover, and audiobook).

The Million Dollar Book Agency is the ultimate marketing CRM system for author-preneurs. Services include automated funnels, lead generation campaigns, book fulfillment, podcast management, press releases, virtual assistants, course development, and more.

Mike also hosts a podcast known as Million Dollar Stories and runs a membership-based site known as Million Dollar Circle. In addition to owning the book business, he invests in self storage real estate.

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