Does libertarianism have an answer for the economically disadvantaged? Can free markets fight systemic racism? Michael Tanner’s “The Inclusive Economy” answers these questions with an emphatic yes.
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In a bold challenge to the conventional wisdom of both liberals and conservatives, Michael Tanner, a senior fellow at the Cato Institute, looks at the reasons for poverty in America and offers a detailed agenda for increasing wealth, incomes, and opportunity. The author argues that conservative critiques of a “culture of poverty” fail to account for the structural circumstances in which the poor live, especially racism, gender discrimination, and economic dislocation. However, he also criticizes liberal calls for fighting poverty through redistribution or new government programs. Too much of contemporary anti-poverty policy focuses on making poverty less miserable, and not enough on helping people get out of poverty and becoming self-sufficient.
The Inclusive Economy calls for government to stop doing things that push people into poverty, and provides a detailed roadmap to a new anti-poverty policy that includes criminal justice reform, greater educational freedom, housing deregulation, banking reform, and both increased and more inclusive economic growth. The policies put forth in this title are designed to empower poor people and allow them to take control of their own lives.