Radar Telegram alerts Open Radar

Why does a benevolent policy often end up at the expense of society? With the intention of improving people's lives, the government intervenes in the economy, suppresses prices, lends money to loss-making enterprises and restricts imports. But the result of these subsidies is often shortage of goods, waste of resources and inflation. 80 years ago, Henry Hazlitt explained in "Economics in Lesson" how the policy maker sees the benefit of a group today, but ignores the cost to society today and tomorrow. Why do the good intentions of the politicians not reach the desired result?

תרגם לעברית

روزنامه دنیای اقتصاد · · Source

Why does a benevolent policy often end up at the expense of society? With the intention of improving people's lives, the government intervenes in the economy, suppresses prices, lends money to loss-making enterprises and restricts imports. But the result of these subsidies is often shortage of goods, waste of resources and inflation. 80 years ago, Henry Hazlitt explained in "Economics in Lesson" how the policy maker sees the benefit of a group today, but ignores the cost to society today and tomorrow. Why do the good intentions of the politicians not reach the desired result?

Why does a benevolent policy often end up at the expense of society? With the intention of improving people's lives, the government intervenes in the economy, suppresses prices, lends money to loss-making enterprises and restricts imports. But the result of these subsidies is often shortage of goods, waste of resources and inflation. 80 years ago, Henry Hazlitt explained in "Economics in Lesson" how the policy maker sees the benefit of a group today, but ignores the cost to society today and tomorrow. Why do the good intentions of the politicians not reach the desired result?

More on Radar

Want to see every report in real time?

Hundreds of sources worldwide, translated into your language, with alerts for what matters to you.

Sign up free
Share on WhatsApp Get alerts on Telegram