In response to:

Who Really Cares About the Poor?

Bill110 Wrote: Oct 13, 2012 6:04 PM
"The main obstacles to success are (1) bad schools and (2) barriers to good jobs in the labor market." "What is the biggest challenge in making bad schools better? The teachers' unions." " As for barriers to entry into the labor market,---You guessed it: the labor unions themselves." Can't argue with that!

Capitalism favors the rich. Socialism helps the poor. These are core beliefs of almost everybody on the left, including our president. Ah, but it turns out that this worldview is completely wrong.

Economists associated with the Fraser Institute and the Cato Institute have actually found a way to measure "economic freedom" and investigate what difference it makes in 141 countries around the world. This work has been in progress for several decades now and the evidence is stark. Economies that rely on private property, free markets and free trade, and avoid high taxes, regulation and inflation, grow more rapidly than...