Hazlitt on poverty

hazlitt

After fruitless years in social work, it was with relief I read Henry Hazlitt’s THE CONQUEST OF POVERTY.Published in ‘73, his insights are as pertinent as ever. They explode the following myths:

  1. The amount of wealth is limited. (False, there is a much as people want to create.)
  2. The poor are trapped.(False).
  3. The rich get richer, the poor, poorer. (False, both progress proportionately.)
  4. The rich cause poverty. (False).
  5. The owners of a business get most of its income. (False, most goes for workers’ wages.)
  6. Capitalism helps the rich the most. (False, it helps the masses the most.)
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