3 ms·
I have a few ideas. There are 3 problem-areas in the world holding back poor people today: education, health and housing. Look at what worked in other areas to
by nickpp 5y ago
I have a few ideas. There are 3 problem-areas in the world holding back poor people today: education, health and housing. Look at what worked in other areas to raise the floor and apply it here. There is just one answer: free markets.
Not a coincidence but education, health and housing are heavily regulated everywhere and even governmentally run in some places. De-regulate them, allow the free markets to do their magic to find solutions, reduce prices and thus raise that floor.
Then remove artificial barriers in the jobs market like minimum wages. Allow people to be employed no matter how little their added value is worth. Free companies from onerous regulations and make creating a competing company easy and cheap instead.
Finally, separate the Economic power in state, just like Executive and Legislative powers are separated. Make it illegal for governments to engage in, regulate or influence economic activity. Focus their role on ensuring freedoms and applying externalities to markets through taxation. Also accept and use taxation's role in shaping societal behavior.
Oh, and re-energize private charity by removing the corrupt and ineffectual state welfare crutch.