War on poverty from "summary" of Economic Facts and Fallacies by Thomas Sowell
The concept of fighting poverty through government programs has been promoted for decades, with the assumption that the right policies and sufficient resources can ultimately eliminate poverty. The War on Poverty was launched in the 1960s with this goal in mind, but despite massive expenditures, poverty rates have remained stubbornly high. This raises the question of whether the approach itself is flawed, rather than simply lacking in resources. While the intentions behind the War on Poverty may have been noble, the reality is that government programs often have unintended consequences that can exacerbate rather than alleviate poverty. By providing financial assistance to those in need, these programs can create perverse incentives that discourage work and self-reliance. As a result, some individuals may become trapped i...
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