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Tag Archives: poverty

Walter Williams: Free Markets Are Key To Global Prosperity

This op-ed from Walter Williams comes the same week that the World Bank has proclaimed publicly that it “will end extreme poverty by 2030.” If the institution wants to end such human desperation it would be wise to encourage the rule of law and free markets (and free prices).

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This 88-year-old doctor treats the poor out of his Toyota Camry. Mississippi wants to punish him for it.

They arrest people for feeding homeless people in some cities. And God forbid you are a doctor in Mississippi with an excellent reputation who wants to treat people for free. Can’t have that.

Many of Dr. Landrum’s patients can’t afford to drive to a doctor’s office. So he comes and sees them. I thought that was called a “house call.”

Why do the busybodies have to regulate EVERYTHING?

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India and its huge economic potential

India has long been mired in socialism. Bureaucracy ran and continues to run through the country’s massive system of governance. As I understand it, to get anything done in India for many years the paperwork had to be done in triplicate and processed a half dozen times. And then one got a new pile of paperwork.

But times are changing. India has opened up quite a bit over the last 2 decades, and it looks like even more light will be shining into the economy soon.

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The Capitalist Cure for Terrorism

Hernando de Soto is one of my favorite economists. (Though as with almost anyone I disagree with him on some important points.) A champion of capitalism and everyday people he is my kind of guy.

His argument basically goes like this:

Poor people are shut out of economies. Cronyism and red tape make building businesses almost impossible. In many countries the poor remain permanently on the margins of society. The poor typically have no property rights (even if they’ve been on a piece of land for generations for instance) and enforceable contracts do not often exist. As a result this situation limits access to capital – no one will provide a loan on a piece of property for which there is no deed – which then keeps the poor poor.

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The State Causes the Poverty It Later Claims to Solve

We spend a good amount of time arguing against the expansion of the state. We particularly don’t like it when the state and special interests, banks, other large industries, unions, etc, come together with the state. We argue that the state must be reduced in size to reduce the system of corruption we now are witness to.

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Rev. Sirico: Fighting Poverty through the Free Market

Nothing, absolutely nothing, has raised more people out of abject poverty than free market capitalism. And I don’t mean a mixed system with some socialism and somewhat free markets here and there. I am talking about the real deal, where prices are free to move, free market CAPITALISM. This stands in direct conflict with what many of us have been taught of course.

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World’s Richest Man Slim Cited for Profiting From Phones for Poor (Infamous “Obamaphones”)

Though the Lifeline program which provides phones to the poor free of charge has been around since 1985, the program has tripled in size in the past 4 years. One of the greatest corporate beneficiaries of the Lifeline program has been TracFone which gets nearly a quarter of the $2.2 billion in taxpayer dollars allocated. TracFone is owned by Carlos Slim, the richest man in the world.

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