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Thursday, May 24, 2012
"Does Free Enterprise Hurt the Poor?": Empower People in Poverty to Take Care of Themselves
Arthur Brooks a Conservative I guess Economist with the American Enterprise Institute, who what I've heard from him, sounds pretty intelligent. But he knows better then to talk about Free Enterprise, a system that doesn't exist, what he's talking about is Private Enterprise. If it was Free Enterprise, it wouldn't be subjected to Taxation and Regulation, which all Private Enterprise is. But thats for a another blog and yes Private Enterprise is good for people in poverty, just like its good for anyone else but Private Enterprise alone, by itself doesn't help people in poverty. Or anyone else, you can have the best economy in the World, where America basically was just 10-15 years ago and if you have people who simply don't have the skills needed to get a good job. They are out of luck and will be stuck working dead end Minimum Wage jobs, with little if any benefits or living off of Public Assistance from people who do have the skills to take care of themselves. Of course Private Enterprise is part of the solution in helping people in poverty but if they still don't have the skills to get themselves good job. Then it doesn't do them much good.
Private Enterprise looks good for people with good skills but it aint going to do damn thing for someone who dropped out of High School or didn't finish college. So what we need to do is have an Economic System that empowers students from all economic backgrounds, no matter where they live. To be able to get themselves a good education, before they become adults, so they can move on and go to a good college or Vocational School or perhaps a Public Service Academy. As well as empower people who didn't finish High School or college, who are currently working dead end Minimum Wage jobs or unemployed and living off of Public Assistance. The ability to go back to school, finish High School, go onto college and get themselves the skills that they need to get themselves a good job. And not have to live off of Public Assistance, because now they have the skills to be able to take care of themselves.
Private Enterprise is a great and I'm definitely a big fan of it and is something we need and continue to have. But its not worth a whole lot to Low Shilled workers or Low Skilled people who are unemployed, because they don't have the skills that they need to get themselves a good job. So what we need to do is empower these people to do exactly that, get themselves the skills that they need to get a good job. And let the Private Enterprise System work.