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Speeches and presentations
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Lifting Growth and Living Standards
9 September 2004, Rob McLeod, Chairman, NZBR
Rob MacLeod's speech to the Institute of Financial Professionals of New Zealand in Christchurch
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Is Super Really So Hard?
6 April 2004, Roger Kerr
Speech to the 5th Annual Superfunds Summit 2004 in Wellington. Many of our politicians act as though retirement income policy is the 'third
rail' of New Zealand politics: touch it and you're dead. Arguably, however,
the trauma is self-induced.
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New Zealanders' Savings Habits: Are They Really Poor?
7 March 2002, Roger Kerr
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Social Cohesion: Lessons from the Past
17 March 2000, Sir Ronald Trotter
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Equalising Incomes or Reducing Poverty: Which Basis for Welfare Policies?
9 June 1999, Roger Kerr
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Reconnecting Compassion and Charity
15 August 1998, Roger Kerr
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From Entitlement to Needs: Abandoning New Zealand's Last Think Big Scheme
9 August 1998, Roger Kerr
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Judging the Judiciary
20 June 1998, Roger Kerr
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Retirement Income Policy: Where To From Here?
11 February 1998, Roger Kerr
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Competition and Cooperation
12 November 1997, Roger Kerr
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An Economic Analysis of Compulsory Savings
29 May 1997, Roger Kerr
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The Road Back From Social Decay to Social Cohesion
26 August 1996, Roger Kerr
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From Welfare State to Civil Society
1 April 1996, Douglas Myers
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Social Policy: The Challenges Ahead
26 February 1996, Bob Matthew
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Books and reports
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Pathways to Prosperity for Indigenous People: The 2010 Sir Ronald Trotter Lecture
2 November 2010, Noel Pearson
NZ $12.50
incl GST
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Te Oranga o te Iwi Maori Working Paper 5: Maori and Welfare
20 July 2009, Lindsay Mitchell
Writing in the Dominion Post in 2006, New Zealand Business Roundtable
chairman Rob McLeod (Ngati Porou) reminded us that when the general
unemployment rate had been over 8 percent there was widespread anxiety, yet
Maori unemployment was still that high and was attracting little comment.1
At that time, 88,500 or 29 percent of working-age Maori (18-64 years) were
receiving a benefit.2 More positively, 71 percent of Maori were not receiving a
benefit.
Unfortunately, however, Maori statistics paint a regrettable picture, not only
because of current over-representation in most negative social indicators, but also
because the disproportion was less pronounced in the past. Maori were not
always over-represented in dole queues, prisons, and the courts, in high rates of
gambling and alcohol addiction, youth suicide, substance abuse and smoking.
NZ $12.50
incl GST
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Fairness in a Liberal Society
14 July 2005, Richard Epstein
A paper by Professor Richard Epstein, James Parker Hall Distinguished Service Professor of Law at the University of Chicago.
NZ $12.50
incl GST
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Dissecting the Working For Families Package
16 May 2005, Greg E Dwyer
Introduction
Most families with dependent children will qualify for additional family, childcare or housing assistance under the government's Working For Families (WFF) policy which was announced in the 2004 budget. WFF is being introduced in stages between October 2004 and April 2007, and will cost an estimated $1.1 billion a year or 0.7 percent of forecast GDP when fully implemented.
The analysis that follows draws on published information, including papers released under the Official Information Act and answers to parliamentary questions. The data are not always consistent. Joint family income, for instance, comprises taxable income in some cases and includes certain non-taxable income, such as child support, in other instances. Similarly, some data are based on after-tax income whereas most are gross of tax. Official data are also incomplete. Some policy measures, such as changes in the Accommodation Supplement, were often omitted from analyses prepared in response to parliamentary questions, apparently because of the complexity involved.
The structure of the paper is as follows. The objectives of WFF and its components and cost are summarised. An international comparison of family income assistance is presented. The implications for economic efficiency of WFF are then examined. The impact on child poverty and the distribution of income of WFF are discussed. The paper concludes by outlining an alternative and more desirable direction for policy.
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The Foreshore and Seabed
29 March 2005, Richard A Epstein
Natural law and property
On my last visit to New Zealand in 1999 I spoke as an outsider to a sceptical
audience on how best to interpret the Treaty of Waitangi.1 I said that one of
the great challenges facing a country formed by successive waves of immigrants
is to put together disparate norms from rival cultures, each of which has its
own distinctive legal understandings as to how the world does or should work.
On that occasion I said that I would like to start from a neutral corner, and
then proceeded to address several Roman law analogues to the question of
prescriptive rights, largely on the basis that the great Roman authors were not
influenced by the future events that unfolded in New Zealand. On this occasion,
I plan to do likewise in discussing the foreshore and seabed. Rather than trying
to deal with this topic from the point of view of English law on the one hand
or Maori customary law on the other, I want to locate some kind of tertiam quid
- a third point - from which to begin the analysis. So for yet another time I
find an unexpected use of my training as a Roman property lawyer, which has
long augmented the English property law that I learned as a student at Oxford
many years ago. I also begin with the confession that, even after the advent of
law and economics, I remain much influenced by the writings of Gaius and
Justinian on the creation and organisation of property rights.
NZ $12.50
incl GST
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Middle Class Welfare
1 August 2001, James Cox
By comparison with some other countries, New Zealand relies heavily on education and health services and retirement income support provided by governments and financed through taxation. Much government education and health expenditure benefits families with moderate to high current incomes. Much expenditure on superannuation benefits individuals and couples who earned moderate to high incomes during their working lives. Such 'churning' of income and the high taxation associated with it does nothing for equity, is economically wasteful and damages economic growth.
In Middle Class Welfare, James Cox documents the level of income churning in New Zealand and argues that governments should consider alternative policies that involve people who can afford to do so taking greater responsibility for providing their own health care, education and retirement incomes. Such policies would result in improved service quality and reduce the burden of financing the welfare state that falls particularly heavily on families with children.
Although there are many issues that need to be considered in designing policies, alternative approaches operate successfully in overseas countries, including Australia. Middle Class Welfare analyses such options and advances positive proposals for reform of the New Zealand welfare state that would better allocate public assistance and allow taxes to be reduced.
NZ $34.95
incl GST
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Poverty and Benefit Dependency
1 July 2001, David Green
Dr David Green, in his book Poverty and Benefit Dependency, undertakes two main tasks. First, he examines the claims of those who analyse recent social changes using concepts such as poverty and social exclusion. He points out that reaching valid conclusions about trends in poverty is no simple matter. Measures of poverty based on a percentage of median income are unsatisfactory. Expenditure better reflects people's standards of living, but more accurate still is a consumption measure that includes government-provided goods and services.
Dr Green goes on to argue that a more fundamental objection to many studies of poverty is that they divert attention from the more serious underlying problem - that of welfare dependency and the attitudes it reflects, not least the diminution of personal responsibility. Poverty and Benefit Dependency looks at the poverty debate from an historical and international perspective, including recent welfare reforms in New Zealand and the United States. The author concludes that the claims of many poverty lobbies are not valid and that the key issue for policy is how society can best assist its least fortunate members without causing welfare dependency. He outlines approaches to overcoming the dependency problem.
NZ $27.95
incl GST
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Equity as a Social Goal
1 March 2000, Cathy Buchanan and Peter Hartley
Equity as a Social Goal seeks to clarify the notion of equity, or fairness, as a goal of public policy. The authors, Cathy Buchanan and Peter Hartley, consider what the goals of public policy ought to be, given the limitations of human nature and real-world social institutions. They argue that both liberty and efficiency must be included among our social goals. While horizontal equity, or non-discriminatory treatment of equals, is desirable, attempting to equalise income or material wealth is misguided.
Neither income nor wealth is a good indicator of personal well-being. Redistributing to equalise income or wealth could therefore exacerbate inequality in living standards. Government redistribution aimed at achieving more equal outcomes also compromises both liberty and efficiency and does little to help those truly in need. Welfare policy based on compassion, rather than reducing measured inequality, allows society to help the less fortunate, while preserving the liberties and opportunities of all.
Equity as a Social Goal concludes that preserving liberty and efficiency requires us to safeguard the right of all people to use their labour and property as they see fit. A proper balance among liberty, efficiency and equity can be achieved by ensuring that each person is equal before the law, by promulgating a belief in the power and duty of families and charities to assist those in need, and by creating a limited government welfare programme to aid people who fail to receive assistance elsewhere.
NZ $34.95
incl GST
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Exploring Civil Society: Essays on David Green's 'From Welfare State to Civil Society'
1 December 1998, Edited by Michael James
Dr Green's proposals for reform to welfare, health, education and retirement income policies in New Zealand (From Welfare State to Civil Society (1996)) are reviewed by a combination of friendly and hostile critics. This collection of reviews contributes to the continuing debate about social policy.
NZ $29.95
incl GST
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Towards Personal Independence and Prosperity: Income Support for Persons of Working Age in New Zealand
1 February 1998, James Cox
This book focuses on welfare arrangements for people who are unemployed, sole parents, and those who are experiencing sickness or times as an invalid.
James Cox analyses the growing problem in New Zealand of dependence on welfare and advances concrete proposals for reform of the benefit system. He demonstrates why welfare arrangements more in line with those in Australia and the United States encourage work and provide a route out of poverty.
NZ $24.95
incl GST
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Economic, Social and Cultural Rights: Time for a Reappraisal
1 September 1997, Bernard Robertson
There is no summary available for this publication.
NZ $22.50
incl GST
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Paying For Pensions: The Case of Chile
1 August 1997, Veronica Jacobsen
There is no summary available for this publication.
NZ $22.50
incl GST
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The Quest for Cosmic Justice: The 1996 Sir Ronald Trotter Lecture
1 December 1996, Thomas Sowell
There is no summary available for this publication.
NZ $12.50
incl GST
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Controlling Crime in New Zealand
1 May 1996, Cathy Buchanan and Peter R Hartley
NZ $22.50
incl GST
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From Welfare State to Civil Society
1 April 1996, David G Green
The purpose of this study, which was supported by the New Zealand Business Roundtable, is to suggest the guiding principles for the reform of the welfare state. Plainly any such task involves taking a view about the ideal of a free society. The report, therefore, undertakes two main tasks. First, it describes what I take to be the true liberal ethos and differentiates it from some modern doctrines which seem initially to resemble it. And second, it describes the ideal of private welfare which, before the development of the welfare state, permitted the government an essential but limited role whilst the chief burden was assumed by the unpoliticised community.
NZ $24.95
incl GST
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Comments on Issues Related to Retirement Income Provision in New Zealand
1 May 1992, Sylvester Schieber
There is no summary available for this publication.
NZ $22.50
incl GST
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Housing Policy: Some Broader Perspectives
1 July 1991, New Zealand Business Roundtable
There is no summary available for this publication.
NZ $22.50
incl GST
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The New Zealand and Australian Social Security and Welfare Systems - A Comparative Study
1 October 1990, Julie Smith
There is no summary available for this publication.
NZ $22.50
incl GST
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Retirement Income Provision
1 March 1989, New Zealand Business Roundtable
There is no summary available for this publication.
NZ $33.75
incl GST
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Unemployment Income Support in New Zealand - Options for Policy Reform
1 September 1988, New Zealand Business Roundtable
There is no summary available for this publication.
NZ $22.50
incl GST
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Submissions
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Submission on the Welfare Working Group's Paper, 'Long-Term Benefit Dependency: The Issues'
20 September 2010, New Zealand Business Roundtable
The Business Roundtable welcomes the establishment of the Welfare Working Group (WWG). Welfare dependency is an enormous problem that blights the lives of many people and has wider deleterious social and economic effects. Its roots lie in a welfare system that, despite the admirable intentions of its founders, has over time eroded the acceptance of personal responsibility, diminished self-reliance and weakened the family as a social institution.
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Submission on the KiwiSaver Bill
30 April 2006, New Zealand Business Roundtable
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Submission on the Report of the Savings
Product Working Group
30 October 2004, New Zealand Business Roundtable
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Submission on the New Zealand Superannuation Amendment Bill
9 September 2004, New Zealand Business Roundtable
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Submission On The 2003 Periodic Report On Retirement Income Policies
3 June 2003, New Zealand Business Roundtable
The only hope of achieving consensus and stability on retirement income is to build policies on a sound conceptual foundation. Policies in the recent past lacked such a foundation and proved unsustainable.
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Submission On The Supreme Court Bill
20 May 2003, New Zealand Business Roundtable
A change in New Zealand's final appellate court could have profound consequences for business and future generations of New Zealanders.
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Submission on the New Zealand Superannuation Bill
1 February 2001, New Zealand Business Roundtable
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Towards a Code of Social and Family Responsibility
1 May 1998, New Zealand Business Roundtable
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National Superannuation Bill
1 November 1991, New Zealand Business Roundtable
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Articles
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The Superannuation Age: Breaking The Impasse
27 June 2011, Roger Kerr
Public opinion sometimes runs ahead of political opinion. A case in point may be the issue of raising the age of eligibility for New Zealand Superannuation, currently 65. Last month a Herald-DigiPol survey showed a clear majority – 52.3 percent of respondents – thought the government should be planning now for such a move.
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Where Are The Jobs For Those On Benefits?
25 March 2011, Roger Kerr
When the Welfare Working Group’s report came out last month advocating more work-focused welfare arrangements, some critics asked, “Where are the jobs for beneficiaries to go to?”
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The Real Meaning of Welfare
25 February 2011, Roger Kerr, Otago Daily Times
While Christchurch’s tragedy has pushed the Welfare Working Group’s final report onto the back-burner, it is at such a time that a well-functioning welfare system is at its most needed and important.
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Nonsense About Inequality From The Ivory Tower
11 February 2011, Roger Kerr, Otago Daily Times
I said in a recent article that, other things being equal, I prefer less income
inequality to more but that I am more concerned about poverty and
hardship. This was like a red rag to a bull to Mike O’Brien of the Social Policy and
Social Work Programme of Massey University, a long-time advocate of
welfarist and redistributionist policies.
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Poverty Not Inequality Should Be Our Main Concern
30 January 2011, Roger Kerr, Sunday Star Times
Other things being equal, I prefer less inequality in incomes and wealth rather than more. But I worry much more about poverty and hardship – in New Zealand and in poor countries.
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Welfare Dependency Blights Too Many Lives: Working Group's Challenge
30 April 2010, Roger Kerr, The Dominion Post
Yesterday the Welfare Working Group established by social development minister Paula Bennett to look at welfare dependency met for the first time. It has an important task and the open and consultative approach to its work that it has foreshadowed is commendable.
There are many misunderstandings about work and welfare that need to be addressed.
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Welfare Dependency Blights Too Many Lives: Working Group's Challenge
30 April 2010, Roger Kerr, The Dominion Post
Yesterday the Welfare Working Group established by social development minister Paula Bennett to look at welfare dependency met for the first time. It has an important task and the open and consultative approach to its work that it has foreshadowed is commendable.
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Reducing Alcohol Harm: Nanny State or Individual Responsibility?
21 January 2010, Roger Kerr
Recently some interesting points have emerged in the alcohol debate.
First, the 2025 Taskforce noted that among the good things of life that Australians enjoy with their higher incomes is alcohol. They consume about 10% more alcohol a year than we do.
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Maori Leaders Should Lead Way on Welfare Reform
31 July 2009, Roger Kerr
The 'Maori and Welfare' paper launched by the Business Roundtable last week tracks the prevalence of social problems among Maori as a proportion of the population from the earliest recorded statistics through to the present. It finds that Maori were not always over-represented in dole queues, prisons and the courts, high rates of gambling and alcohol addiction, teenage births and single parenthood, child abuse, youth suicide, substance abuse and smoking.
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Affirmative Action Through Free Choice
27 July 2009, Rob McLeod
A few years ago a colleague of mine visited a small tie-making factory inOtaki. It was run by a strong, community-spirited Maori woman who waskeen to help unemployed Maori into work, in particular mature, Maoriwomen currently on benefits. If she had advertised for a mature, Maoriwoman she may well have found herself in breach of the Human Rights Acton all three counts: age, race and gender.
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Last Rites for the Cullen Fund?
10 June 2009, Roger Kerr
Commentators have suggested that the government's decision to suspend automatic contributions to the New Zealand Superannuation Fund (the so called Cullen Fund) may spell its eventual demise. Should we mourn that outcome? Would it have any implications for future superannuation benefits, as some have suggested? The answer to both questions is no.
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A New Year's Resolution
29 December 2007, Rob McLeod
Recently I heard a successful businessman nearing the end of his career pondering what he would do if he had his time over again. "I wish I'd given something back" he lamented. "When I look at the poverty and suffering in the world today, I feel I could have made a difference to some other peoples' lives if I hadn't focused so much on my business."
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Welfare: More a Band-Aid than a Solution to Poverty
29 June 2007, Roger Kerr
When Sir Bob Geldof berated the New Zealand government a year ago for its 'pathetic' contribution to alleviating world poverty, he overlooked the fairly generous amount of government assistance to New Zealand's own poor. Our governments have a long tradition of attempting to address inequality and relieve poverty by redistributing national income. Some regard this as a primary means of helping the less well off: it's as if there were a giant, government-baked pie that, sliced up and dished out fairly, could in the end eliminate poverty.
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Maori Unemployment Still a Serious Problem
9 April 2006, Rob McLeod
This article was first published in the Dominion Post on 4 September 2006.
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New Zealand Families Matter
17 December 2004, Patricia Morgan
The family is now in a worse state in New Zealand than almost anywhere else.
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Competition Vital for Efficiency as Savings Debate Continues
19 November 2004, Roger Kerr
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Learning a Lesson in Welfare from the United States
5 November 2004, Roger Kerr
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Where everybody knows your name
15 September 2003, Roger Kerr
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Why is Australia doing so well?
24 August 2003, Roger Kerr
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Restoring philanthropy in New Zealand
14 August 2003, Roger Kerr
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Perspectives
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Issue 409 Halt the Middle Class Money-Go-Round
3 November 2010, Patrick Nolan
It isn't possible to deal with the deficit without having a go at the big budgets, and welfare is the biggest. The Government spends almost twice as much on welfare as on the National Health Service, and at least one quarter of this spending goes to people who don't need it.
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Issue 396 The Folly of Subsidising Unemployment
2 September 2010, Robert Barro
Congressman John Boehner recently suggested that President Obama replace his top economic advisers. I think he may have a point. The economic "recovery" has been disappointing, to put it mildly, and it has become increasingly clear that the blame lies with the policies of the Obama administration, not with those of its predecessor.
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Issue 387 Breaking the Vicious Cycle of Welfare Dependency
30 July 2010, Jenny Macklin
Welfare should not be a destination or a way of life. We will use every measure we can to protect children who are caught up in a cycle of abuse and neglect. Of course, we know that the majority of parents want the very best for their children. When times get tough it will always be the government's responsibility to help with financial support; on the other side of the equation we must encourage and foster personal responsibility.
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Issue 373 Why Our Poverty Measure Misleads
4 June 2010, Robert Samuelson
Who is poor in America? This is not an easy question to answer, and the Obama administration would make it harder. It's hard because there's no conclusive definition of poverty. Low income matters, though how low is unclear. Poverty is also a mind-set that fosters self-defeating behavior -- bad work habits, family breakdown, out-of-wedlock births and addictions. Finally, poverty results from lousy luck: accidents, job losses, disability.
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Issue 356 Social Housing Model rips the Heart out of Indigenous Communities
1 April 2010, Noel Pearson
THAT welfare passivity has no racial basis is readily confirmed in the writings of the pseudonymous English doctor and author, Theodore Dalrymple, about life among the white tribes of contemporary Britain.
Dalrymple's accounts of underclass pathos and dysfunction and the elite ideas that have created and sustain it, could well be an account of life an entire world away: Aboriginal communities in remote Australia.
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Issue 355 The Communitarian Curse
30 March 2010, Richard A Epstein
Many modern journalists and academics wrongly think that self-proclaimed moderates distill wisdom drawn from both sides. One vivid confirmation of that grievous error is found by looking at the dubious communitarian proposals by the British academic Phillip Blond, endorsed this past week by the columnist David Brooks of the New York Times.
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Issue 349 Are Taxes the Root of Unhappiness?
26 February 2010, Allysia Finley
Does living in a blue state make people blue? It seems so, according to a new study in Science magazine that ranks states according to their happiness. The study finds that New Yorkers are the unhappiest people in America and their neighbors in Connecticut come in a close second, followed by Michigan, Indiana, New Jersey, California, and Illinois. And the happiest states? Drum roll, please…Louisiana, Hawaii, Florida, Tennessee, and Arizona.
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Issue 346 The Populist Addiction
17 February 2010, David Brooks
Politics, some believe, is the organization of hatreds. The people who try to divide society on the basis of ethnicity we call racists. The people who try to divide it on the basis of religion we call sectarians. The people who try to divide it on the basis of social class we call either populists or elitists.
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Issue 344 When Welfarism takes Over, Disaster will follow
12 February 2010, Noel Pearson
Most people would not be glad to have government service provisioning dominating their lives in the way Aboriginal and other like disadvantaged people's lives are. There is no freedom of private choice and action when governments have assumed responsibilities that are normally undertaken by responsible parents and individuals. That government intervention has crowded out the responsibilities of individuals, families and communities is my point.
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Issue 343 Carry on with this Revolution, Julia
8 February 2010, Janet Albrechtsen
ACADEMICS, teachers' unions and their media lackeys live in a peculiar world. In this world, providing information about school performance is treated as a sin. While these groups were complaining about the Rudd government's My School website launched last week, parents hungry for information logged on to check the status of their child's school. So many logged on - nine million hits on the first day - that the system couldn't cope with the demand.
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Issue 336 A Crime Theory Demolished
18 January 2010, Heather MacDonald
The recession of 2008-09 has undercut one of the most destructive social theories that came out of the 1960s: the idea that the root cause of crime lies in income inequality and social injustice. As the economy started shedding jobs in 2008, criminologists and pundits predicted that crime would shoot up, since poverty, as the "root causes" theory holds, begets criminals. Instead, the opposite happened. Over seven million lost jobs later, crime has plummeted to its lowest level since the early 1960s. The consequences of this drop for how we think about social order are significant.
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Issue 331 Why Opting Out is no "Third Way"
21 December 2009, Will Wilkinson
At first blush, "libertarian paternalism" seems a linguistic miscarriage, a self-crippling idea condemned to limp aimlessly in eternal darkness on the island of misfit creeds alongside "humanitarian sadism" and "color-blind racism." But that hasn't stopped Richard Thaler and Cass Sunstein, law and economics superstars at the University of Chicago, from pushing the catchphrase and concept as a solution to the nation's problems for a half-decade now.
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Issue 317 Obama Goes Postal
11 November 2009, William F Shughart II
When President Obama told the people attending a town hall meeting on health care that “UPS and FedEx are doing just fine, right? . . . It’s the post office that’s always having problems,” he was right on the facts, but drew the wrong conclusion from them.
As his whirlwind schedule of Sunday talk show appearances indicates, he still doesn’t get it.
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Issue 264 Africa has to Find its Own Road to Prosperity
13 May 2009, Paul Kagame
At recent meetings of the Group of 20 and the International Monetary Fund, world leaders have gathered to discuss the global economic crisis. Unfortunately, it seems that many still believe they can solve the problems of the poor with sentimentality and promises of massive infusions of aid, which often do not materialise. We who live in, and lead, the world’s poorest nations are convinced that the leaders of the rich world and multilateral institutions have a heart for the poor. But they also need to have a mind for the poor.
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Media Releases
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Impasse on Superannuation Age Must be Broken
8 December 2010, New Zealand Business Roundtable
As the 2025 Taskforce also said in its report last month, changes to NZS are “vital and are already well overdue.” New Zealand simply cannot hope to achieve the growth rates needed to catch up to Australian income levels with the present share of government spending in the economy, let alone higher ratios with the increased spending on superannuation and health associated with an aging population.
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Fairness in a Liberal Society
13 July 2005, New Zealand Business Roundtable
The New Zealand Business Roundtable released today Fairness in a Liberal Society, a paper by Professor Richard Epstein, James Parker Hall Distinguished Service Professor of Law at the University of Chicago. The paper is based on a lecture given by Professor Epstein during a visit to New Zealand in August 2004.
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Dissecting the Working for Families Package
16 May 2005, New Zealand Business Roundtable
The government's $1.1 billion Working for Families (WFF) package announced in the 2004 Budget is poorly targeted, will do little to encourage moves from welfare to work, and creates high effective marginal tax rates over a wide income range. The money would have been better applied to cutting tax rates and more tightly targeting assistance to low income families.
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E-Connects
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Beware False Prophets: Equality, the Good Society and The Spirit Level
28 January 2011, Peter Saunders
In 2009 a popular book, called The Spirit Level, argued that income inequality harms not only the poorest people at the bottom end of the income distribution, but almost everybody in society, no matter how prosperous they are. This report provides an in-depth analysis of The Spirit Level’s claims regarding the relationship between income equality and societal well-being.
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Economics 101 on "Learning From Sweden's Free Market Renaissance"
8 March 2010, Centre for Freedom and Prosperity Foundation
Sweden is a powerful example of the importance of public policy. The Nordic nation became rich between 1870 and 1970 when government was very small, but then began to stagnate as welfare state policies were implemented in the 1970s and 1980s. The CF&P Foundation video explains that Sweden is now shifting back to economic freedom in hopes of undoing the damage caused by an excessive welfare state
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The Failure of Anti-Money Laundering Laws
22 February 2010, Centre for Freedom and Prosperity Foundation
This Center for Freedom and Prosperity video examines anti-money laundering laws and finds that they are expensive and intrusive. These costs might be acceptable if the result was less crime, but this mini-documentary reveals that anti-money laundering policies are ineffective. As a former Reagan Administration official remarked, they undermine the fight against crime by misallocating law enforcement resources.
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