Quotulatiousness

July 15, 2020

QotD: State and private charity

Filed under: Economics, Government, Quotations — Tags: , , , — Nicholas @ 01:00

Some social and political analysts regard private help as a bad thing. They speak of the “problem” of food banks, and of America’s “miserly” support for poorer countries. In fact food banks are a solution, not a problem. Private generosity has leapt into the breach to help tide people over temporary problems. The great majority of food bank users do so only once.

Similarly with US aid to poorer countries. The United States is regularly berated for being very low on the list of aid givers, but this only applies to government-to-government aid. Once the private contributions made by Americans to people in poorer countries are counted in, the US rises to the top. In fact US private help is better spent, usually going to people to spend in towns and villages in the local economy, rather than on gold palaces and white elephant steel mills in the desert.

Part of this mismatch arises from the fact that these analysts seem to wear spectacles that admit only light of a political wavelength and ignore private generosity. The latest victim of this myopia is the “bank of mom and dad.” It is assumed to be a bad thing that young people should turn to mom and dad to help out with deposits and mortgages.

“Richard”, “Is Private Help a Bad Thing? – Political Spectacles of the Left”, Continental Telegraph, 2018-04-02.

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