BIG GOVERNMENT: HOW TO CREATE POVERTY

Johnny Munkhammar

Economic Affairs, 2007, vol. 27, issue 3, 39-45

Abstract: Globally, poverty is decreasing dramatically. The more open and globalised poor countries are, the more rapid is the increase in their growth and incomes. But many countries in Western Europe have serious problems. They largely followed a path of government intervention in society. In reality, however, the freer a country's economy the less poverty it has. Government intervention is counter‐productive and has become a fight against wealth. The over‐taxed and heavily regulated labour markets of Western Europe have led to social exclusion for large groups: the new poor.

Date: 2007
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