Podcast
The Dan Bongino Show
This Wall Street Journal article details the negative consequences of government intervention in free markets, particularly focusing on the Great Society programs and their impact on poverty and minority communities. The author presented compelling data showing that government involvement led to slower poverty reduction and increased dependency.
Poverty fell at a slower rate after the Great Society initiatives, the war on poverty, were implemented. And overall dependency on the government for food, shelter, and other basic necessities increas...
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This Wall Street Journal article details the negative consequences of government intervention in free markets, particularly focusing on the Great Society programs and their impact on poverty and minority communities. The author presented compelling data showing that government involvement led to slower poverty reduction and increased dependency.
Poverty fell at a slower rate after the Great Society initiatives, the war on poverty, were implemented. And overall dependency on the government for food, shelter, and other basic necessities increased.
Between 1940 and 1960, the percentage of black families living in poverty declined by 40 points as blacks increased their years of education and migrated from poorer rural areas to more prosperous urban environments in the South and North.
No welfare program has ever come close to replicating that rate of black advancement, which predates affirmative action programs that often receive credit for creating the black middle class.
Moreover, what we experienced in the wake of the Great Society interventions, it's a war on poverty, was slower progress or outright retrogression. Black labor force participation rates fell, black unemployment rates rose and the black nuclear family disintegrated.