First published at 18:32 UTC on February 23rd, 2021.
Entrepreneurship is the best pathway for all people out of unsatisfactory economic circumstances.
Mauricio Miller, who arrived in the US as a poor immigrant from Mexico, and who also experienced living in some of America’s worst neighborhoods, spen…
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Entrepreneurship is the best pathway for all people out of unsatisfactory economic circumstances.
Mauricio Miller, who arrived in the US as a poor immigrant from Mexico, and who also experienced living in some of America’s worst neighborhoods, spent over 20 years running social services for people growing up and living like he did. His conclusion: social services are the worst policy for such people. It is entrepreneurship that will open up the pathway out of the neighborhoods and out of the traps of low income and limited prospects. Entrepreneurship lifts up individuals, families, and communities.
Job creation programs are not the answer. In the US, people can get jobs, but they are often on a dead-end track that doesn’t generate learning or leverage-able experience — waiter, assistant, security guard, etc. Outside the US, even these jobs might not be available. Often, people with these jobs are entrepreneurs “on the side”, exchanging in the informal economy. This is just another indicator how important entrepreneurship is to upgrading people in low income situations.
Show notes: https://mises.org/library/mauricio-miller-entrepreneurship-path-upwards-anywhere-anyone
'The Alternative: Most of What You Believe About Poverty Is Wrong' by Mauricio Miller: https://Mises.org/E4B_106_Book
Family Independence Initiative: https://FII.org
Community Independence Initiative: https://CIIAlternative.org
Mutuality Platform: https://Mises.org/E4B_106_Mutuality
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