Private property rights, free markets, and rule of law separate prosperous nations from poor ones. The Wall Street Journal and Fraser Institute's Economic Freedom of the World report show a strong correlation between economic freedom and per-capita GDP.
Why do some countries prosper and why do others not? And the answer is private property, free market economy, and rule of law. Their work, writes the Wall Street Journal, is consistent with the findings of the Fraser Institute's annual Economic Freedom of the World report. Fraser Institute is in Vancouver. I have reported on them a number of times. Which finds a strong positive correlation between economic freedom and real gross domestic product per capita. The left hates economic freedom because it hates freedom, free speech, free markets. The only thing they like with the word free is free things from the government to citizens. That's what they like that's free.
Life, Legacy, and a Dangerous Mission in the Soviet Union | Sunday Fireside Chat
