Tag Archives: World Bank

Why are some countries rich and others poor?

There appears to be a tradition among our country’s lawmakers of using the law to redistribute wealth rather than to help create it. From this standpoint, the law is essentially a mechanism for sharing a fixed stock of wealth among … Continue reading

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Poverty is not a disease

The War on Poverty was officially started by President Lyndon B. Johnson in his State of the Union address on January 8, 1964. Studying his speech and subsequent programs, one gets the idea that poverty is something terrible that happens … Continue reading

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Why Adam Smith Today?

Today, the world holds almost seven billion people living in more than two hundred countries. Most of these people (about 80%) are living and have lived for centuries in poverty. The remaining 20% — many of those living in North … Continue reading

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