I liked this comment over at Australian blog Catallaxy Files, just as relevant here in the wake of the debate over how welfare has changed over the last few generations. Seems like what would once have become ghost towns these days become bogan towns instead…
Why do ghost towns exist? Because the economic activity that once supported them dried up, so the people upped and moved to someplace else.
We don’t seem to be creating ghost towns any more... [Instead], economically dead places are being supported by indirect government handouts, like the dole.
Anyone who just said either “creative destruction” or “rustbelt” to themselves while reading that earns a point.
Labels: Economics, Quotes, Welfare