Quote of the Day: What causes poverty?


Here at The XYZ, we argue that what makes the difference between staying poor and becoming rich, is the opportunity to create wealth. We argue in favour of removing barriers to opportunity; barriers such as regulations, taxes, and the mindset that government intervention will make something better, when often it has the complete opposite effect to which it was intended.

So, when thinking about what causes poverty, and what creates prosperity, this quote, tweeted on November 15, 2015, by Per Bylund, who teaches entrepreneurship at Oklahoma State University in the United States, is well worth remembering:

“What causes #poverty? Nothing. It’s the original state, the default and starting point. The real question is, what causes #prosperity?”

XYZ Quote of the Day.image