Economics

How Economic Freedom Translates into Our Freedom

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A government that prevents men from injuring one another will leave them free to regulate their activities of industry and improvement and does not take from the mouth of labor the bread that was earned. That is the sum of good government…” All levels of government have deviated from this principle. But this Jeffersonian truth is as actual today as it was in 1801. This is between Denmark and Great Britain. Capitalism. The needs of the individual in our society have been pushed aside to make way for our largest private corporations to graze on the government trough. This has led to less individual political freedomEnsuring the special interests of government officials, politicians, and welfare recipients. The U. must stop subsidizing companies in any form. The relentless free market must decide. In a genuinely free society, there will be individual economic dislocations. People will lose their jobs, companies will close, and cities and regions will suffer. Any dislocation will be brief and temporary if the economy is left to market forces. Government intervention in markets only prolongs economic downturns. First of all, like at the doctor’s, it shouldn’t hurt. The government should not do anything to prevent companies from acting fairly and responsibly. There is room for regulation, but it should be limited to providing companies with an open environment to compete in an unrestricted marketplace. The government must stop predatory behavior lest markets become corrupted. Tax policy must be transparent and simple, aiming to increase revenue and not dictating policy and outcomes. There should be no state subsidies for companies. Free markets are efficient but ruthless. Therefore, the government must protect people through a social safety net. The countries that rank ahead of us in the index of economic freedom have not sacrificed people for the corporation. Just the opposite is the case. Singapore, Canada, Australia, Switzerland, and Chile, which rank ahead of us,  have better healthcare systems than the US. Each of these nations has a stronger individual safety net than the US.

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