Tuesday, December 04, 2018

10 steps to ending poverty–Jay Richards

Guess what—it isn’t socialism!

This is a Christian solution.


He’s a little long winded, but when he gets to the point, this is it.

1. Rule of law.  Like the 10 commandments.

2. Limited government.  Methods in place to limit jurisdiction of the state.

3.  Formal property.  In Haiti, if you wanted to lease land from the gov’t it would take 19 years and 100’s of forms.

4. Economic freedom. Hong Kong is #1.

5. Strong mediating institutions.

6.  Purpose driven universe.

7.  Right cultural mores. Respect for rights of others.

8.  Understand wealth and poverty.  Set up win/win situations.

9.  Focus on your comparative advantage.

10. Work hard.  This works in the U.S., but not in all countries if you don’t have access to property or freedom.

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