What “Experts” Miss about Economic Inequality
Many of the "solutions" peddled by today's experts are more likely to increase wealth inequality than decrease it.
Many of the "solutions" peddled by today's experts are more likely to increase wealth inequality than decrease it.
The film Black Panther offered an attractive view of an African nation untouched by slavery or colonialism. Unfortunately, the film offers a rather dubious counterfactual.
Vague and generalizing theories about culture and race don't tell us much about the wealth gap between blacks and whites. The answer is more complex.
Government policy encourages single parent household formation while discouraging full-time employment and driving up housing costs.
Thomas Sowell concluded that “A vastly expanded welfare state in the 1960s destroyed the black family, which had survived centuries of slavery and generations of racial oppression.”
Far from being a tool of "exploitation," industrialization and free trade are proven strategies to bring higher standards of living to the developing world.
The West did not need resources from "Third World" colonies to attain economic development. In fact, colonialism was a result of the West's development, and not its cause.
There are two kinds of inequality. One develops as societies innovate and become more productive. The other kind results from government corruption and intervention.