A Conservative Case for the Welfare State

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"In his 1987 book The Fairness of Markets, the libertarian economist Richard McKenzie argued that welfare benefits were essential to the operation of a free market. Without them, society’s net losers, such as workers who lost their jobs due to free trade policies, would put up roadblocks that would undermine the market, such as protectionism, that would ultimately cost more in terms of growth than the cost of welfare."


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