Why Economic Freedom Matters

Memo to world electorate;
If you want plentiful jobs and a higher standard of living, vote for the party that promises you the most economic freedom.

It really isn't complicated.

The table below shows the Top 20 countries as measured by their degree of economic freedom versus their GDP per capita and Unemployment rate

Source; Index of Economic Freedom


..........................Freedom Index.......GDP per Capita.........Unemployment
Hong Kong....................1...........................8...........................4.9%
Singapore......................2...........................22........................3.1%
Australia.....................3..........................14.........................4.5%
United States................4.......................... 3..........................4.6%
New Zealand.................5...........................27....................... 8.3%
United Kingdom..............6...........................18....................... 5.4%
Ireland.......................7............................4........................ 4.3%
Luxembourg.................8............................1......................... 4.1%
Switzerland...................9........................... 10....................... 3.3%
Canada........................10...........................7......................... 6.4%
Chile..........................11.......................... 57....................... 8.3%
Estonia.........................12.......................... 43...................... 5.8%
Denmark......................13.......................... 6........................ 4.5%
Netherlands....................14......................... 15........................5.5%
Iceland.........................15........................... 5 ........................1.3%
Finland.........................16.......................... 13 .......................7.0%
Belgium........................17.......................... 12........................ 8.1%
Japan..........................18.......................... 16 .......................4.1%
Germany......................19.......................... 17 .......................7.1%
Cyprus...........................20 ...................... ..33 .......................5.6%


The Bottom Ten (large countries)

...............................Freedom Index......GDP per Capita .....Unemployment
North Korea..................157 .........................n/a .....................60% (est)
Cuba.........................156 .........................n/a ....................30% (est)
Libya............................155 .........................58 ......................30%
Zimbabwe.....................154 .........................129 .....................80%
Congo...........................151 .........................176 .....................32%
Iran.............................150 .........................74 .......................11.2%
Angola..........................149 .........................125 .....................23%
Venezuela......................144 ..........................96 ......................8.9%
Bangladesh....................143..........................143 .....................18% (est)
Syria............................142 .........................118 .....................14%


What is economic freedom?
The highest form of economic freedom provides an absolute right of property ownership, fully realized freedoms of movement for labor, capital, and goods, and an absolute absence of coercion or constraint of economic liberty beyond the extent necessary for citizens to protect and maintain liberty itself. In other words, individuals are free to work, produce, consume, and invest in any way they please, and that freedom is both protected by the state and unconstrained by the state.

The scores are based on ten equally weighted factors. These are;

Business Freedom
Trade Freedom
Fiscal Freedom
Freedom from Government
Monetary Freedom
Investment Freedom
Financial Freedom
Property rights
Freedom from Corruption
Labor Freedom

Memo to French electorate;
You can either vote for less economic freedom or more.

Memo to British electorate;
You can either vote for less econmic freedom or even less economic freedom.
Sorry.