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“
When it comes to lifting people out of poverty, redistribution of income has a much poorer 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. Redistribution is clearly better for the left.

— Thomas Sowell, The Cure for Poverty? Wealth (2006)

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capitalismeconomicsfreedominequalitypoliticspovertyredistributionwelfare
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The Cure for Poverty? Wealth

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