Thomas E. Woods Jr. on how poor are prospering: It is by evading the state’s alleged help that the most vulnerable have managed to eke out tolerable livings for themselves.’ @ tomwoods.com

November18th

How the Poor Are Prospering by Ignoring the State

This is one of the most interesting and startling articles I have read in a long time.

In the usual version of events, the poor are helpless victims of capitalist exploitation, and only the wise intervention of the state can improve their condition.

The growth of what experts call System D, the unofficial economy that operates outside the state’s arena of taxation and regulation, suggests that the reality is quite different.

It is by evading the state’s alleged help that the most vulnerable have managed to eke out tolerable livings for themselves.