Source: American Institute for Economic Research
by Vincent Geloso
“The experience of poverty is debilitating and leaves deep scars. People who have experienced poverty are observed to have lasting health, educational, and psychological consequences. Prolonged spells below the poverty line are also associated with social isolation because, when in that situation, attempts to deal with the consequences of material privation necessitate a decline in community engagement. Moreover, the desperation that comes from being in poverty makes people more vulnerable to exploitation. … Usually, when discussing policy remedies, the discussion revolves around redistributive measures such as greater spending on education, the provision of social housing projects, the expansion of direct cash transfers, or even the creation of new ones. Less frequently heard are proposals that speak to the role of markets in creating pathways out of persistent poverty.” (06/20/24)
https://www.aier.org/article/only-economic-freedom-pulls-people-out-of-poverty/