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: 

More titles

  • Information and it's Addressee

    This paper is a fragment of an extensive study. The proposed text here refers to the premises of the study - psychological, i.e. related to the motivation for it, and conceptual - i.e. clarifying the framework in which it fits....

  • The Role of Direct Foreign Investments in Economy of Republic of Moldavia - in the Light of European Integration

    The achievement of the standards established by the EU in different fields means the activation of the investment activity support in stimulation of direct foreign investments. The principal conditions for the facilitation of foreign investments are: the creation of different conditions for the augmentation of employments, the development of small ...

  • The Role of Small and Medium Enterprise in the Development of Moldavian Economy

    Orientation of the Republic of Moldova's European integration, the signing of the Agreement on Partnership and Cooperation between Moldova and the European Union and Action Plan led to new requirements for the organization of manufacturing. In circumstances where it is necessary to increase production, which is very important for Moldova, a small ...