What's So Great About Economic Freedom? - Learn Liberty 

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What is a "least free state"? How is it calculated? Chart at 0:44.

Correlation does not equal causation. Countries with greater economic freedoms aren't necessarily freer when freedom is considered a multifaceted outcome of policy in a given state. Goatee's argument that "freer" countries have higher income on average compared with less free countries seems to conflate development and prosperity with liberal free market policy, which if anything, diminishes personal freedoms and allows multi-national organisations to monopolise markets and reduce the freedoms of individual consumers. Economic freedom? Sure, if you're rich. The reason why income appears to be higher on average in these countries is because high-earners earn more than the vast majority and offset the overall income in their favour. And, of course, when you look at the most developed nations versus the least developed nations there is definitely going to be a greater income distribution than not. But this cannot solely be attributed to economic freedoms. As I've outlined, the freer the market the more it can be geared against individual agents and the less choice consumers have at the point of purchase. Economic Freedom cannot be derived from or made synonymous with a "free market" as the mass accrual of wealth prevents some individuals from participating. A far more equal society would allow not just upper class, elites and mega-rich to flourish but would also seek to level the divide between classes. A society that allows individuals to flourish economically is therefore one that prioritises social policy over profit.

@@BunningsSausages you are coming with arguments already fabricated yet there is no explanation, or examples, of anything you have said, plus your argument for inequality is proven wrong in the video itself

@@BunningsSausages economic freedom only for the rich? sure: china, chile, india, indonesia, south korea, taiwan, japan, spain, eastern germany, singapur, peru, uruguay, ethiopia, botswana. I suppose none of them happened or existed or were related to increase of economic freedom

Whatever makes a graph aligned with their view.

Basically, Less government interference and unjust hierarchies in economics means more economic freedom.

George Roberts less government interference and unjust hierarchies in the economy means more economic freedom.

@@serpent268 Bud, you really shouldn't let propagandists do your thinking for you. Economic freedom is directly proportional to economic power. The more money, the more power. Government regulation is required for the structure of the economy in general. And certainly to construct and maintain anything remotely resembling a level playing field. The libertarian dogma touts unregulated capitalism which is the freedom for us all to be driven into economic slavery by those with more economic power. As Janis Joplin noted, "Freedom's just another word for nothing left to lose."...in an economic sense. The GOP elitists shill for big business and have hijacked conservatism pretending to care about people and what they think. They lie. All the while they say their shenanigans are "good for us" because making the rich richer will somehow trickle down. They lie. This has all been seen before, history knows. They are fascists. Fascism is equal to Corporatocracy by definition. The GOP at the top are just shills for the economic elite pretending to be conservative as they dogwhistle their base...and give deep pockets everything they want regardless of why they want it. Money has power whether we do or not. We either maintain 'we the people' government at a strong national level, or money takes over by hook, crook and subversion. It's been going on in earnest since the Powell Memo of 1971, look it up. And see Bill Moyer's article on it. They can't help themselves, they are one trick ponies and civilization is not something they think about, at least on the more radical authoritarian and rich right. Again, money has power whether we do or not. We either control them, or they will control us...for nature abhors a vacuum. We didn't fight a war of independence against a king, we fought a war against the British East India Company, of which the king was the major stockholder screwing us at will. The founding fathers did their best to give us avenues to prevent hostile takeover of we the people. But they can't do it for us...their dead. But they left us clues, all they could. When Ben Franklin was ask, coming out of the Constitutional convention by a woman what we had, a democracy or an monarchy, he replied "A republic, if you can keep it." Big money even then had sought elitist control. So make up your mind, freedom is power to the people, we either control them...or they will control us...and convince us it was our own idea by the likes of Faux news talking heads, the worst of which get paid tens of millions a year to spin vitriol and bullshit. They have several that try to be real news people on their attempts at real news shows, but they get shot down if they stray too far, like Shep Smith. Chris Wallace tries, but he's not as well versed as his dad Mike Wallace was. Though Frump is getting under more skins even there these days...save for the sycophants laughing all the way to the bank while screaming about a commie behind every liberal bush.

@George Roberts Bruh, I said that because I’m mutualist. I hate capitalism as much as the next guy. Big businesses are caused by government and company bureaucracy. A free market, disallows government and unjust hierarchies. I think worker co-ops with high economic freedom is a good idea. Imo, capitalism is statist and anarcho-capitalism should not be called anarchy. This is because in capitalism has prerequisites to the state being unjust hierarchy. I define unjust hierarchies as hierarchies that are built unnaturally.

You can always make the case that capitalism is not what economic freedom truly is. However, these statistics were not merely contrived from the air. Rather, these statistics were obtained by the Fraser Institute who substituted the word economic freedom with what they were really measuring, namely the degree to which capitalism existed and was present in different countries. The categories and methodologies utilized by the Fraser Institute were to test capitalism undoubtedly if you look at the questions they asked and tried to get a score for. For example, the extent to which private property rights exist, the extent to which government regulations in the economy are absent, the extent to which taxes are absent, etc from one country to another, or any of the sort that people would surely agree are the aspects that define capitalism. So what they are really measuring is the degree of capitalism, but you can always argue that capitalism does not truly guarantee or provide economic freedom as a semantic point. But the economic freedom index itself is using the degree of capitalism as their real guide so every time the word economic freedom is mentioned, that is what they really mean.

@@sayebkhan8406 My apologies Sayeb, my earnest reply developed into a late night rant against the radical right trying to take over democracy in this fascist coup orchestrated by right wing radical authoritarian fascists: I notice you have a standardized view of 'capitalism'. The constraints by the defined and packaged view of the term "capitalism" is brought to us by those that are myopic in their power structure requirements, by one trick ponies. Commerce is variable as defined by society. When it is defined by the elite to serve themselves, it has a predictable effect contrary to the benefit of society as a whole. It's we the people, not we the corporations or we the monied elite. Capitalism derives it's moral authority from (democratic) regulation, which is why it must be regulated. The right lied about what Adam Smith said about markets regulating themselves. Why? Because it's what they do. End justifies the means. Milton Friedman's Supply Side economics was touted as genuine by deep pockets for decades in justification. To seek to cast out millions of votes of the populous at the present time as irrelevant by claiming half our population are cheating commies is an authoritarian fascist takeover attempt by those with more propaganda than comprehension, and no supporting facts. The radical right has been using a scam that's been going on since the aforementioned Powell Memo of 1971 for which vitriol and scapegoating have been tools. Abe Lincoln noted that if the next centuries did not find us a free nation, it would be because we destroyed ourselves, for no outside power could accomplish it. (Short of nukes, which is a planet stopper) He made this observation from the actions of the big bankers empowered by civil war spending from which the bankers showed their true colors. There are two scathing statements he made concerning these bankers. He noted in one that he had two enemies near the end of the civil war, the confederacy in front of him and the bankers at his back lying, spinning and conspiring to maintain it against any who dared to contest their newly acquired power, for which truth and we the people was of no concern. It's what they do, they can't help themselves. They are one trick ponies for which the ecosystem of civilization and the stewardship of life on the planet are not in their purview. Mankind must have a broader view if we are to survive our technical adolescence as the great species our sophomoric egos imagine ourselves to be. Trump is not a lunatic in the literal sense, he's a sociopathic conman, crook and pathological liar for which the fascist agenda of the radical right at the top now shows it's true colors in his support. At the end of this election, it will be time to prosecute him and the traitors that are pushing for this unrest which may end in bloodshed and division if the lying lunacy cannot be stopped. Democracy lives in the middle of the bell shaped curve and dies at either extreme. Scapegoating is a standard fascist tool, but any authoritarian effort uses it. Faux news and the various mobs whipped into emotional certitude marching to the tune of special interest propaganda with pitchforks in hand claiming commie takeover by lightweight liberals is oxymoronic. You can't have it both ways. But emotion tops logic, which is why the string pullers use it. So we don't think too much while they point us in the direction they like...against each other. It's not right vs. left, it's the super deep pockets ...against everyone else from the glitter of gold and power, both of which elicit a similar endorphin rush...drug high. This is an orchestrated takeover of democracy that's gotten out of hand by even those that instigated it. Mobs are like that. But once you've drunk the koolaid, it seems nearly impossible to change that mind set, facts be damned. They have their own, and it's a full set. Covers all the bases...as long as you don't look too deep while thinking for yourself. Authoritarians have formed a club that pretends to care about conservative values. Hence, conservatism has been hijacked to use in manipulation and cover, to hide in plain sight when not underground completely maintaining secrecy. Democracy is now under it's first serious ideological threat since the civil war...if you don't count the fascist coup plot in '33 against FDR in which two dozen 'business' people tried to employ General Smedley Butler, retired. He nearly single handedly squashed that effort. Look it up. Big money goes radical fast when it suits them. So...it's time to figure out what's real and what's a pack of lies. I'll give you a hint: Authoritarians, spinners and liars using end justifies the means for the benefit of deep pockets are not the good guys as they try to nullify millions of votes simply because they were mailed in in a pre-determined effort to try to easy the pandemic burden...but which were also primarily done by liberals and the poor. They also claim said pandemic isn't 'real'...or not serious enough to stop the cash flow to the top anyway. What's a few million dead peons. If our limited healthcare capacity is overwhelmed, and our already overworked and under appreciated nurses and doctors start dying off, all bets are off regarding the death toll in this country thanks to idiots with an agenda. One side decided decades ago that the other is the enemy, instead of the opposition, requiring end justifies the means tactics and vitriol against our fellow Americans, for the sake of unregulated capitalism that was tired of interference from pesky voters that don't like slave labor conditions and feudalism. In truth, this comes down to differing brain lobe enlargement as you can identify liberals and conservatives with 71% accuracy with a simple brain scan. We are like two halves of the same brain. Left and right need each other to cover all the bases. For authoritarians pretending to be conservatives to see themselves as the "permanent party in power" and liberals as evil scum is stupid beyond belief. So we either find our moderates in the middle of the bell shaped curve and re-instate democracy or the fascist authoritarians take over. That will be interesting. They don't seem much for actually "governing". After all, they say democratic government is the problem. Hence, their "screw things up, then point" scenario to strip the power of pesky democracy and it's rules and norms. Have fun.

economic freedom index

@Daniel Gilliland @@vinuzo9548 Best ask Koch Ind, Americans for Prosperity and The Heritage Foundation etc www.heritage.org/about-heritage/mission they own the index www.heritage.org/index/pdf/2020/book/index_2020.pdf

On all of their old videos the links seem to be broken. They cite their sources during the runtime of the video so you can just Google them.

Why?

>vote >socialism welfare does not mean socialism

feel the bern in your wallet and on your books and in your crematoriums national SOCIALIST party of the united states.

Haha. It really takes the pressure off of liberals when you guys own yourselves 😆 The social democracies of Western and Northern Europe work exceptionally well, have higher standards of living than in the US and higher growth per year. Try again!

all these "social democracies" you are talking about, are countries with a more free market than the US has, just with bigger safety nets. you can only have either of them: or you say bernie is a dem socialist, or you say that these countries are. even the prime minister of denmark, a country often referred to by bernie as "social democracy", specifically responded to bernie's claims with "we're not socialist, we're capitalist". a bigger safety net is not social democracy--next to that, these countries are, bit by bit, decreasing this social safety net. try again!

Because it has so much oil, Venezuela has never bothered to produce much else. It sells oil to other countries, and with the dollars it earns, imports the goods Venezuelans want and need from abroad. Hopefully the Venezuelans are relearning the law of the harvest and the importance of self-sufficiency. These two ideas are the foundation of socialism as an ideology. As a state policy, it usually arises amidst economic strife but crudely in the hands of the state rather than individual organization. Venezuelans have more of a nationalism problem than a socialism problem.

Vuvuzela lol

And the poor are getting richer as well.

@@sebastienholmes548 i wish you were right!

@@TheSuperLegoMan100 i am right.

@@sebastienholmes548 if only you were!

@Jesus él McNuggetCunt the stadistics shows that the number of people living in poverty Is going up.

Eat the rich

he didn't even go into what he's defining economic freedom as. But if it means less regulation, that is happening in my country, Brazil, right now and everybody is watching the amazon burn like never before.