Suchergebnisse

An argument that protectionism is a threat to economic prosperity. The case for free trade is presented along with the errors of protectionist thinkers. Immigration policy, foreign aid, regionalism, development policy and issues of national competitiveness as they relate to open markets between countries are also discussed

Since the 1970s, the welfare states of Western Europe have experienced severe economic problems. These problems have three main sources. First, European welfare states have attempted to create citizens motivated by a sense of solidarity & concerned for equality; in fact, they have not done so, but have created incentives for citizens to use the welfare system for private advantage or special group advantage. In addition, a concept of economic rights has been accepted which effectively commits government to subsidize low-productivity industries & thus removes the incentive for workers & managers to maintain productivity. Finally, the "wage gap" between what employees are paid & what it costs firms to employ them is substantial, producing an incentive to evade taxes through the black market. W. H. Stoddard.