Economic Analysis of Business Practice
This reminds me of the one of the arguments in favor of replacing entitlement spending and antipoverty programs with Universal Basic Income--an individual with cash in hand will have better sense of where best to direct it based on their knowledge of the their own value for their different needs.But with the charity discussion in the video, I think it ignores the value gained from adding new life to things like unwanted used clothing and canned foods, etc. as it is transferred from an individual who doesn't value those things to someone that does. Shipping shoes to Haiti is probably not cost-effective, but what about giving shoes to the needy here at home?
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