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The Poverty Paradox: Why Free Markets and Social Safety Nets Are Two Sides of the Same Coin

11 mins read

Economic Theory

The Poverty Paradox: Why Free Markets and Social Safety Nets Are Two Sides of the Same Coin

09/12/2025 user0Tagged capitalism, Deirdre McCloskey, economic growth, economics, finance, inequality, Joseph Rowntree Foundation, mixed economy, poverty, Social Safety Net

A viral letter claimed free markets and social safety nets are opposing forces in fighting poverty. Here’s why that’s wrong—and why both are essential.