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" "Many individuals are capable of creating wealth but are excluded from the job market by minimum wage and licensing laws. Much poverty can be alleviated by allowing people to create wealth at whatever level they can and ‘work their way up.’
Mary J. Ruwart (born October 16, 1949) is an American retired biomedical researcher and a libertarian speaker, writer, and activist. She was a leading candidate for the 2008 Libertarian Party presidential nomination and is the author of the book Healing Our World.
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Libertarians don’t tell starving people to ‘eat cake;’ they prevent starvation by creating an abundance of ‘cake.’ Virtually all poverty in the world today is a result of governments aggressing against their people. Free countries, on the other hand, end poverty by removing the laws that foster it. They create an abundance of wealth because the poor aren’t legally ostracized from supporting themselves.
Congress enacted the 1962 Kefauver-Harris Amendments to the 1938 Food and Drug Act… What the Amendments actually did was increase the time it takes for a new drug to move from the lab bench to the marketplace: a change from 4 years to 14 years over the next few decades. Terminally ill patients who couldn’t live with the delay turned to the black market to get access to potential cures. Every year, the cost of satisfying the FDA have soared, resulting to ever-increasing prices at the pharmacy. More than half of our potential innovations have never made it to patients because companies realized they couldn’t recoup their investments under the new regulations.