Free Enterprise and Poverty: Cause or Cure?

Authors

Keywords
poverty, free enterprise, socialism, central planning, government regulation, laissez faire capitalism

Summary
Poverty in general is created by governmental mismanagement. The solution to the problem is the free enterprise system. Markets reduce poverty by promoting incentives and rational economic activity. Governments exacerbate it by attacking private property, regulating business, and through taxation. The problem of black poverty stems mainly from the breakup, nay, the failure to form, of the black family. This, in turn, is traced to governmental welfare programs.

JEL: I3, I38
Pages: 15
DOI: 

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