Three Barriers to Improving Poverty Rates in America
Government policy encourages single parent household formation while discouraging full-time employment and driving up housing costs.
Government policy encourages single parent household formation while discouraging full-time employment and driving up housing costs.
Thomas Sowell concluded that “A vastly expanded welfare state in the 1960s destroyed the black family, which had survived centuries of slavery and generations of racial oppression.”
Far from being a tool of "exploitation," industrialization and free trade are proven strategies to bring higher standards of living to the developing world.
The West did not need resources from "Third World" colonies to attain economic development. In fact, colonialism was a result of the West's development, and not its cause.
There are two kinds of inequality. One develops as societies innovate and become more productive. The other kind results from government corruption and intervention.
There are two kinds of inequality. One develops as societies innovate and become more productive. The other kind results from government corruption and intervention.
Protectionism is often most damaging when it prevents entrepreneurs from accessing products and services that would have increased domestic capital and worker productivity. The result is poorer workers and less productive domestic industry.
The story of how housing became so unaffordable for so many is a tragic one. But this is a story of our own making, thanks to decades of misguided government regulations.
Ultimately, the case for equality doesn’t amount to more than “You must believe in equality—because you must!”