Saturday, May 8, 2010

The Liberal Assault on the Poor

This article is an interesting primer on the free market and socialism. With simple to understand examples, it covers Ownership, collective and private;
The role of capital; Employment and subjective value; Creating unemployment; Unemployment and crime; and Minimum-wage laws.

Liberals claim to combat poverty in two principal ways.

First, they use the force of government (e.g., income taxes) to take money from those who have earned it in order to give it to the poor.

Second, they restrict people's use of their property to enable the poor to have access to such property.

What liberals fail to understand, however, is that the very means they choose to combat poverty -- socialism and interventionism -- actually exacerbate the problem that they claim to address. Their war on poverty hurts the very people they say they are trying to assist.

Read lengthy primer on free enterprise vs. big government here.

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