
Thomas Sowell on Economic Facts and Fallacies
EconTalk
The Death of Dependency Theory in the 20th Century
The U.S. has invested less in Sub-Saharan Africa than it does Canada or Western Europe, says Peter Bergen. The West is not impoverishing the people of these countries because they have better alternatives to work for low wages, he says. He argues that child labor laws and minimum wage laws are a big part of why we see kids selling dope on the street instead of finding legitimate jobs.
00:00
Transcript
Play full episode
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.