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    This site is about libertarian ideas, politics, economics, government, freedom, property rights, entrepreneurship, innovation, objectivty and other such stuff important to humans. I uphold libertarian principles and believe wholeheartedly in minimal government, or no government if it would work -- this blog explains why.

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    « Morning Joe 11/11/2011 -- Yay Obama, Boo Republicans | Main | Short term stimulus and Greek tragedies »
    Thursday
    Nov102011

    Poverty and free enterprise

    http://reason.com/archives/2011/11/10/from-poverty-to-prosperity

    This article by Tate Watkins at Reason dot com hits on an important idea. Poverty can't be eradicated by giving poor people aid, without also teaching them to produce and work with others economically. I'll go further and say that a capitalist system is necessary to end widespread poverty, yet those who give aid are reluctant to be so clear about what's so fundamentally necessary. If the intent is to actually spur growth and end widespread poverty, working from the same old failed ideas of the past will produce the same results. I don't mean the neoliberal/Wold Bank version of market mechanisms, but raw capitalist principles without Big Daddy interference.