DW MacKenzie: It is an obvious fact that severe poverty has - TopicsExpress

DW MacKenzie: It is an obvious fact that severe poverty has disappeared in the most industrialized countries. Nations like the US, UK, Switzerland, and Japan industrialized within what were predominantly laissez-faire free-market conditions. Even the so-called social democracies, like Sweden and Germany, developed in free-market conditions, and adopted extensive state welfare and regulatory programs only after achieving high levels of economic development and industrialization. mises.org/daily/6781/The-Data-Is-Clear-Free-Markets-Reduce-Poverty

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