Saturday, June 23, 2018
Those wonderful immigrant entrepreneurs
But here's an interesting example of large-scale entrepreneurship by immigrants, the sort of entrepreneurship William Baumol characterizes as "unproductive." It appears that Somali immigrants in Minnesota have become expert at milking the state government for payments for fraudulent child care operations -- to the tune of 100 millions dollars per year, much of which is sent abroad, and probably a sizable share of that to the al Qaeda affiliate al Shabab (that would be Baumol's "destructive" entrepreneurship).
Here's the story. Somehow I suspect Cato Institute's immigration "experts" won't be mentioning this fine example of immigrant entrepreneurship.