Evaluating the free market by comparing it to the alternatives (We don't need more regulations, We don't need more price controls, No Socialism in the courtroom, Hey, White House, leave us all alone)
Wednesday, June 10, 2015
John Kenneth Galbraith On Migration And Poverty
John Kenneth Galbraith wrote a book in 1979 called The Nature of Mass Poverty
(not one of his better known works). He devoted the entire last chapter
to migration. One passage reads: “Migration, we have seen, is the
oldest action against poverty. It selects those who most want help. It
is good for the country to which they go; it helps to break the
equilibrium of poverty in the country from which they come. What is the
perversity in the human soul that causes people so to resist so obvious a
good?”
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