PROSPERITY & POVERTY
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5 Ways Consumer "Protection" Makes Us Poorer | Iain Murray
The Consumer Financial Protection Bureau (CFPB) was set up in 2010 to " make consumer financial markets work for consumers, responsible providers, and the economy as a whole." Yet the Bureau has imposed rule after rule that hurts consumers and the middle class especially.
Stanford's Dr. Thomas Sowell explains his transformation from Marxist beliefs to those based on liberty and economic freedom.
A simple insight into viewing poverty; a paradigm shift that can help us focus on reversing poverty and creating prosperity.
Discussion on how geographical isolation impedes the economic development of a society with implications for the importance of trade.
Discussion on how government intervention to an economic challenge worsens conditions compared to allowing the market conditions to work themselves out on their own.
Discussion on lack of awareness by many Millennials of the consequences of socialism.
Discussion on the differences between human and material capital and why human capital is of principal importance in a prosperous society.
Current narrative that wealth classes are made up of a fixed group of people is debunked. Dr. Sowell discusses how the wealth classes have constantly changing constituents as people progress through their working careers (this includes the top percentage earners).