Apology for a Trainwreck

The ethnographies of Oscar Lewis paint a bleak picture of lower-class life.  The thousands of pages of published interviews in books like Five Families, The Children of Sanchez, Four Men, and La Vida show a relentless trainwreck of impulsive sex, unplanned pregnancy, child neglect, child abuse, drug addiction, drunkenness, degenerate gambling, intra-family violence, near-random violence, parasitism, and gross financial mismanagement. …

Poverty and Success

Poverty is not the fault of billionaires or of “greedy capitalists” or of some systemic injustice that keeps “po’ folks” down. Poverty is the natural and predictable result of ongoing poor choices, and until people realize this and start taking responsibility for their own culpability in their financial situations, we will continue to hear the growing chorus of complainers demanding political intervention to redistribute money from those who earned it to those who did not.

Gratis is Not Great

Almost every psychologically normal human is delighted to here about products everyone can enjoy free of charge.  “The schools are free!”  “Health care is free!”  “Lunch is free!” According to basic welfare economics, however, gratis goods are almost automatically inefficient.  Unless the marginal social cost of the product miraculously happens to be zero, setting a price of zero leads to socially wasteful behavior.