Yaron Brook explains how free markets succeed in Asia where socialism/handouts failed for centuries
Posted by freedomforall 5 years, 11 months ago to Economics
This video is part of an excellent longer lecture video posted separately: Dr. Yaron Brook, "Equal is Unfair - The Inequality Advantage"
SOURCE URL: https://www.youtube.com/watch?v=6HAjQqwQqJ8
I've used this same reasoning in conversations, and enjoy the look on the persons face when they suddenly realize that the low wage is not actually the problem, but the pathway out of the real problem.