A new study suggests that entrepreneurship would go a long way in helping the low income:
Poorly designed government regulations are hampering privately funded assistance options that immediately could provide essential services to the economically disadvantaged, according to a recent report by the National Center for Policy Analysis (NCPA).
The report examines five essential services — transportation, child care, security, housing, and healthcare — that could benefit from private investment and entrepreneurship.
“Residents understand the problems in their own communities. Local entrepreneurs should be allowed to provide better service solutions at lower costs, as well as new products and services tailored to the community needs,” said NCPA senior fellow and report editor Roger Koppl. “Too many one-size-fits-all regulations are stifling innovative ideas that improve quality of life in low-income areas where they’re needed most.
“The best thing we could do right now is allow local entrepreneurs to create and compete. We should remove obstacles preventing innovative entrepreneurs from better serving poorer Americans,” notes Koppl, regarding the concept of Enterprise Programs — an initiative aimed at providing essential services to the poor through freeing entrepreneurs from exhaustive federal regulations.
