My series on poverty and inequality (see here, here, and here) focuses on why we should try to help the poor rather than hurt the rich.
We’ll continue with that theme in Part IV, which begins with this video by Russ Roberts of Stanford University’s Hoover Institution.
Russ makes some great points throughout the video about the importance of creating the conditions for upward mobility.
Here are some of the main takeaways.
- The rich are getting richer and the poor are getting richer as well.
- Cronyism is bad, especially when it winds up subsidizing the rich.
- We should focus on reducing poverty rather than fixating on inequality.
Regarding that final point, my favorite part is when he said that, “Focusing on inequality as something inherently bad can blind us to the problems of poverty. Inequality and poverty aren’t the same thing. …I’m much more…
View original post 211 more words
Utopia, you are standing in it! 
Recent Comments