Empirical: Free markets v. Socialism

From: Mike Lorrey (mlorrey@datamann.com)
Date: Wed Aug 08 2001 - 09:01:28 MDT

In the news yesterday, it was announced that the State of New Hampshire
has the lowest poverty rate in the entire US, of only 4.4%, versus the
national average of 9.6%, of families. The US average is at its lowest
level in 22 years, yet NH's rate is less than half that of the national
average. State by state breakdowns show that states with significant
degrees of socialism in the form of welfare, public health care, high
taxation, and heavy regulation of business have the highest poverty
rates among families.

Also noted was older data of community level measurments of child
poverty, which ranges from 3 - 13% from town to town, with the higher
rates of child poverty occuring, interestingly enough, in those same
communities that are called 'property poor' towns, which have low
property valuations due to decades of poor local government at the hands
of Democrat politicians, and consequently are not able to sufficiently
fund their local school systems without significant state subsidies.

I think this all pretty much confirms the arguments of libertarians and
other free market proponents: socialism creates poverty.

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