Inequality is Overstated—and Overrated
Measures of wealth inequality overstate actual inequality in terms of the standard of living of wealthy people relative to the rest.
Measures of wealth inequality overstate actual inequality in terms of the standard of living of wealthy people relative to the rest.
While the Left has agitated for more government spying and harsher "lockdowns," Brazil's president—perhaps fearing economic implosion—has been reluctant to crack down.
Markets are not the enemy of equality. Regulated markets are. The income inequality that naturally occurs in the free market as a result of human uniqueness is needlessly amplified by restrictive government policies to the detriment of all.
Buttigieg's plan to repopulate depressed rural areas with immigrants reminds one of old Soviet schemes to ship people to Siberia to stimulate the economy there.
Between the regulation of business and penalties for rising income, anti-poverty policies in America make it so that many workers have no clear path to escape poverty.
Nothing short of an economic exorcism is needed in Zimbabwe. Looking at what President Mnangagwa has done so far, it doesn’t seem that Zimbabwe is actually serious about making tough reforms.
The high cost of living in California — fueled by government regulations and taxes on the middle class — means the state now has some of the worst poverty and homelessness of any state.
Venezuelan politicians hoping to replace the current regime in Venezuela mostly offer just re-treads of the failed socialism the country has endured for decades.
The theory goes like this: capitalism combines with consumerism and advertising to make us sad, lonely, and forever chasing after material goods. So we consume endlessly and the Machiavellian capitalists reap the rewards. It's not a great theory.
Industrialization and capitalism finally freed us from the starvation and deprivation of endless centuries of subsistence living. Now socialists in Venezuela have managed to reverse centuries of progress.