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Tuesday, January 10, 2006


Townhall.com :: Columns :: Curing poverty or using poverty? by Thomas Sowell
First of all, what does it even mean to say that "China is lifting a million people a month out of poverty"? Where would the Chinese government get the money to do that?

The only people the Chinese government can tax are mainly the people in China. A country can't lift itself up by its own bootstraps that way. Nor has there ever been enough foreign aid to lift a million people a month out of poverty.

If the Chinese government hasn't done it, then who has? The Chinese people. They did not rise out of poverty by receiving largess from anybody.

The only thing that can cure poverty is wealth. The Chinese acquired wealth the old-fashioned way: They created it.
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Since wealth is the only thing that can cure poverty, you might think that the left would be as obsessed with the creation of wealth as they are with the redistribution of wealth. But you would be wrong.

When it comes to lifting people out of poverty, redistribution of income and wealth has a much poorer and more spotty track record than the creation of wealth. In some places, such as Zimbabwe today, attempts at a redistribution of wealth have turned out to be a redistribution of poverty.

While the creation of wealth may be more effective for enabling millions of people to rise out of poverty, it provides no special role for the political left, no puffed up importance, no moral superiority, no power for them to wield over others. Redistribution is clearly better for the left.

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