THOMAS SOWELL OP-ED: Curing Poverty Or Using Poverty?
The conservative Republican economist argues that leftists make a lot of noise about poverty but show little interest in how poverty has actually been reduced, whether in China or anywhere else:
"Since wealth is the only thing that can cure poverty, you might think that the left would be as obsessed with the creation of wealth as they are with the redistribution of wealth. But you would be wrong. When it comes to lifting people out of poverty, redistribution of income and wealth has a much poorer and more spotty track record than the creation of wealth. In some places, such as Zimbabwe today, attempts at a redistribution of wealth have turned out to be a redistribution of poverty. While the creation of wealth may be more effective for enabling millions of people to rise out of poverty, it provides no special role for the political left, no puffed up importance, no moral superiority, no power for them to wield over others."
# posted by Shay @ 8:13 AM