> We first need a healthy, educated, engaged, and safe population. All else follows.
The requirement is economic freedom, from which everything follows.
The requirement is economic freedom, from which everything follows.
The US is one of the most economically free places in the world, and always has been, yet obesity is at all time highs, gen Z is the first generation to score less on standardized tests than the generation before them, and civilians killed by law enforcement is at an all time high.
Economic freedom is a very important pillar to a healthy and thriving society, but acting like it is a panacea is wrong. Economic freedom at it's extreme will only lead to a weakening of the middle class and consolidation of wealth among those holding the most wealth.
> obesity is at all time highs
Obesity is a choice. I know people won't like me writing that. I know it is very hard to lose weight. It's still a choice, though. I don't see how making people less free would change that.
> gen Z is the first generation to score less on standardized tests than the generation before them
The government is the primary institution that provides education, not the free market.
> civilians killed by law enforcement is at an all time high
I don't see how that is a result of economic freedom.
> Economic freedom at it's extreme will only lead to a weakening of the middle class
The US was much more economically free in the 1800s than now, and the middle class became the dominant class, by far.
> consolidation of wealth among those holding the most wealth.
Wealthy people get that way in a free market by creating products and services that other people want. In other words, they do not "consolidate" wealth, they create it.
Not much economic freedom for slaves or for Indians forced off their land (e.g. illegal seizure of the Black Hills by the US government [0], the Cherokee in Georgia, etc).
Prior to 1900s-era state laws and the federal Securities acts, you could sell fraudulent investments backed by nothing but the blue skies of Kansas. I suppose that's an economic freedom that was lost, can't say I miss it.
0 - https://en.wikipedia.org/wiki/Seizure_of_the_Black_Hills
> you could sell fraudulent investments
Fraud is against the law in a free market.
> The government is the primary institution that provides education
I thought there was a large section of free market libertarians that want to get rid of public schooling?
>I don't see how that is a result of economic freedom.
Again, i was using it as a proxy for safety, not economic freedom.
> The US was much more economically free in the 1800s than now
The middle class became the dominant class post-WWII. wtf are you talking about?
If I have one million people pay me $1000, I am creating value, but I not 'creating wealth' I would literally be consolidating the wealth of one million people into my bank account.
Owning desirable assets could be considered 'creating wealth' due to the price of those assets going up, but owning assets is not creating products and services that other people want.
I will go back to my original point, that economic freedom is not a panacea and does not solve for health, education, and safety, but rather creating things that people want to seperate them from their money. Health, education, and safety are all more effective when provided by the government.
I've heard that before, and it's simply not true. Pre-revolutionary colonial America had a thriving middle class.
Consider this. A couple of decades ago, a sunken Missisouppi river steamboat was found in the mud. It had foundered before the Civil War, I don't recall the date. And so it was dug out, and researchers went over its cargo.
They were shocked to find out what the cargo was.
It was everything needed for a general store. Pots, pans, jars, knives, forks, shoes, clothing, preserved meats and candies, tools, etc. Nothing in it was for rich people, it was all meant for the middle class. And it was packed to the gills with that cargo.
If you like, look at paintings and photographs of towns in the 1800s. Do you see a couple mansions, and a bunch of shacks? Nope. You see middle class homes, general stores, all signs of a prosperous middle class.
> all more effective when provided by the government
Government providing that has a pretty sorry history.
> due to the price of those assets going up
The price of the asset is a function of its ability to create value.
Do me a favor and point to an American history book that informed your point of view. But fair is fair, I submit:
https://www.amazon.com/ALASTAIR-COOKES-AMERICA-Alastair-Cook...
Read it and tell me that the US consisted of overlords and serfs. Yes, I know about the slave South, which was an overlord/serf economy.