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.

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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.