Data analyzed from the Fraser Institute’s Economic Freedom Index makes a solid case for the benefits of more individual economic freedom and less central planning.
Across time and comparing all levels of society, be it communities, States or between countries, those with more economic freedom as measured by the Economic Freedom Index enjoy…
Less income inequality
Less gender inequality
Less child labor abuses
All six of these factors should tend to maximize cooperation between groups and foster more peace and less conflict. By extension, then, it appears a case can be made that the ideal role of government is to prevent us from harming each other, ensure a fair regulatory playing field, enforce laws fairly, honor contracts and otherwise grant maximal economic freedom to individuals to do as the wish so long as they don’t harm others financially or physically.
If the concept of social justice simply means justice for the individuals who make up society, then it appears the utopian socialist-progressives and the libertarian free-marketeers may have some goals in common.
However, when it comes to the ways & means to achieve those goals, the ideological divide is still wide.
So maybe rhetoric on both side should always start with…
“what is the most effective strategies or economic policies to allow people to optimize opportunity and escape poverty.”
“More importantly, if you care about improving the quality of life and living standards over time, the essential question is always about creating broad-based, sustainable economic growth. What are the conditions that are most likely to help the economy get bigger, stronger, and more resilient? At the top of the list is a government which promulgates simple, predictable, and widely enforced rules; spends within its limits and doesn’t pursue arbitrary trade wars and military interventions; and doesn’t bog down the future with an ever-increasing mountain of debtthat tamps down growth and freezes out investment. Near the bottom of the list is something that is part of Sanders’ policy repertoire: Announcing bold new plans (Medicare for All! Free College for All!) without evenpretending to know how to payfor them.“
“…As for systems based on legalized plunder, Bastiat says:
As long as it is admitted that the law may be diverted from its true purpose—that it may violate property instead of protecting it—then everyone will want to participate in making the law, either to protect himself against plunder or to use it for plunder. Political questions will always be prejudicial, dominant, and all-absorbing. There will be fighting at the door of the Legislative Palace, and the struggle within will be no less furious. To know this, it is hardly necessary to examine what transpires in the French and English legilstaures; merely to understand the issue is to know the answer.
Bastiat’s words are just as true today as when he wrote them with a quill pen in 19th-century France. How much of the clamoring, bickering, and anger we see today is the result of factions, each vying for their preferred forms of taxation or economic protection?”
One of the mistaken ideas of Marxism (collectivism philosophy) is that wealth accumulation in the hands of a few is inherent, and specific, to Capitalism. This fails to recognize that in any endeavor -regardless of who plans it or who participates – that success in that endeavor will always be disproportionately held by a few for reasons that have nothing to do with oppression or theft. This may help explain why the egalitarian promises of socialism & Communism never plays out as it is conceived.
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