• Èêîíà çà ñìÿíà íà åçèêà íà áúëãàðñêè
  • Icon to change language to english

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

  • Meaning, A Prioricity and Reality: Wittgenstein’s Critique of Traditional Philosophy

    In recent years, largely due to the emergence of the so-called Therapeutic readings of the Tractatus,1 Wittgenstein’s critique of metaphysics has become a subject of hot debates. Arguably, three major issues divide Wittgenstein scholars. The first one is how Wittgenstein criticized traditional philosophy in the Tractatus. Did he espouse any ...

  • Human Action. Part Four, Chapter XVII. Indirect Exchange && 1-11

    Interpersonal exchange is called indirect exchange if, between the commodities and services the reciprocal exchange of which is the ultimate end of exchanging, one or several media of exchange are interposed. The subject matter of the theory of indirect exchange is the study of the ratio of exchange between the media of exchange on the one hand ...

  • 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 ...