Jeff Bezos and Alexis Ohanian are pouring $50 million into NYC's childcare crisis
Which means this fresh $100 million will go far to address those problems. But relying on the private sector to fix social problems may be unsustainable in the long run, even if its contributions are immediately useful.
That tracks with a 2021 report by New York State Senator Jabari Brisport's office and the Alliance for Quality Education which found that a history of"treating and funding child care as a private service rather than vital public infrastructure has left the system on the verge of collapse." After all, Jayce Farmer, a public policy professor at the University of Nevada, Las Vegas, told Insider that wealthy private donors"aren't really contractually committed to making long term and permanent funding commitments." Government investments, on the other hand, provide"a good chance that that's a sustainable funding choice."
"The public has, to a very large extent, helped Amazon build its business," Garofalo said."Subsidies helped Jeff Bezos get his riches, a tiny fraction of which he puts into public programs."
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