Monday, September 17, 2007

Reducing Poverty through Economic Freedom

The worldwide obsession with poverty eradication is a major threat to economic freedom in developing nations. Through central planning, governments and aid agencies are blocking poor people’s road to prosperity.


To reverse that trend, economic freedom needs to be seen as a development partner. Governments must understand that providing market-friendly environments will enable their societies to develop long-lasting solutions to economic problems and, as Friedman wrote in Capitalism and Freedom, "reduce the range of issue that must be resolved through [ineffective] political means."

Read more here.