Free Enterprise and Poverty: Cause or Cure?

15 Pages Posted: 13 Jul 2011

See all articles by Walter E. Block

Walter E. Block

Loyola University New Orleans - Joseph A. Butt, S.J. College of Business

Date Written: 2007

Abstract

Poverty in general is created by governmental mismanagement. The solution to the problem is the free enterprise system. Markets reduce poverty by promoting incentives and rational economic activity. Governments exacerbate it by attacking private property, regulating business, and through taxation. The problem of black poverty stems mainly from the breakup, nay, the failure to form, of the black family. This, in turn, is traced to governmental welfare programs.

Keywords: poverty, free enterprise, socialism, central planning, government regulation, laissez faire capitalism

JEL Classification: I3, I38

Suggested Citation

Block, Walter E., Free Enterprise and Poverty: Cause or Cure? (2007). Available at SSRN: https://ssrn.com/abstract=1884491 or http://dx.doi.org/10.2139/ssrn.1884491

Walter E. Block (Contact Author)

Loyola University New Orleans - Joseph A. Butt, S.J. College of Business ( email )

6363 St. Charles Avenue
Box 15, Miller 321
New Orleans, LA 70118
United States
(504) 864-7944 (Phone)
(504) 864-7970 (Fax)

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