What activists don’t see is that, by trying to eliminate child labor, they are taking away one of the few tools that children in impoverished countries have to escape bad situations.
We all know government debt is bad for the young. But it’s also bad for the poor. Hurting the Kids to Help the Elderly The well-known political philosopher Loren Lomasky recently reminded us of why debt is bad for the young. We might be able to justify spending now, and borrowing to finance the spending, […]
A small group of workers walked out at Walmart on Black Friday 2012, and the company has been for a few decades now a leading emblem of what is supposedly wrong with the modern global economy. Shouldn’t Walmart just be more generous? Not necessarily. First, the managers of corporations are answerable to their shareholders. This […]
As the election season heats up, candidates from both sides of the political spectrum seem to agree on one thing: Free trade hurts Americans. There is also a fierce debate about whether—or to what degree—free trade increases income inequality in the country. As commentators continue to disparage free trade (often on products like smartphones, computers, […]
Does the “Made in Bangladesh” tag on your shirt—which could just as easily be read as “Made by Child Labor”—make you feel bad? There’s no question it should make us reflect on the incredible standard of living that we enjoy. But as Texas Tech Professor Benjamin Powell explains, we shouldn’t feel bad or unethical for […]
There was an amazing, squirmingly funny Saturday Night Live skit (Season 10, 1984), with Eddie Murphy, called “White Like Me.” In it, the Eddy Murphy character dresses in “white face,” and travels around New York City. He finds that the disparity in racial treatment is even larger than he expected—and it takes the form not […]