Journal of Markets and Morality, Vol. 9, No. 2, pp. 337-346, Fall 2006
10 Pages Posted: 15 Oct 2007 Last revised: 21 Jul 2011
Date Written: July 19, 2011
Welfare bums and welfare queens are by no means limited to the public housing projects. They are also to be found in the corporate boardrooms of some of the most prestigious business firms in the nation, but wherever found, this system is corrupting and inefficient. Government efforts to direct capital to its most productive uses have been a dismal failure, compared to private money managers and entrepreneurs. This is because the latter, but not the former, face a cruel market test every day, which weeds out inefficiency.
Keywords: welfare, corporations
JEL Classification: F130, I380, L530, P110, P160
Suggested Citation: Suggested Citation