3min chapter

Capitalisn't cover image

Why America's Poor Remain Poor, With Matthew Desmond

Capitalisn't

CHAPTER

The Power of I Feel

In America, we did make significant improvement in fighting poverty, but not enough. And particularly, a lot of money is misallocated. A billion dollars of Social Security disability payments go into the hands of lawyers because anybody who needs it knows that you're not going to get it at first and that eventually you have to hire a lawyer. But I did really like Desmond's honesty around the point that transfer payments have gone up dramatically even if I don't agree with them.

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