Showing results for "The Opportunity" in Economic

In this memoir about overcoming adversity in America, the U. S. Senator responsible for creating "opportunity zones" explains how hard work and community growth can drive businesses and end poverty. Senator Tim Scott knows adversity. As the son of a single mother from North Charleston, South...

Free-market economists often have noted that there are winners and losers in a competitive capitalist world. The question of how to deal with the difficult real-life consequences faced by the losers, however, has largely been ignored. Populist politicians have tried repeatedly to address the issue by creating walls - of both the physical and economic kinds - to insulate communities and keep competition at bay. Economist Glenn Hubbard argues that because they delay needed adaptations to the ever-changing world, walls are essentially backward-looking and ultimately destined to fail.