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RE: Bunnypuncher's daily giveaway 7/13/2018 - 15 SBD total in prizes

in #contest6 years ago (edited)

I could go into a lengthy discussion of why this is an ill-posed question. Instead, I'll restrict myself to the free market. The free market, by definition, is a form of freedom: economic freedom. It and political freedom are mutually reinforcing. Many of the problems we're having in the West are due to the lack of economic freedom. Europe's once-hired-never-fired labor laws have led to permanent unemployment. Rent-seeking, that is, seeking economic returns outside the market by using politics, is at high levels, reducing growth and reinforcing inequality. In Venezuela, Chavismo consisted of destroying economic freedoms, which made destroying political freedom easier.

Suggested reading: F.A. Hayek, The Road to Serfdom

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