Thursday, May 11, 2017

Economic freedom

(cont'd from yesterday's post)

It's good for women to be free to make their own choices - because it's just, and also because society prospers from the free choices of its people, both women and men. Economic freedom is a good thing.

Consider China's history. Under the rule of communist Mao Tse Tung, the government imposed coercive control on agriculture and all production. But around 1978, after his death, the country began to change.

Agriculture was de-collectivized, permission was given to start businesses, foreign investment was permitted. Later reforms allowed people to actually own their own businesses.

With more economic freedoms, people created wealth. China's economy grew 31x from 1978 to 2016. Growing prosperity meant additional freedom, like freedom from many hours of laundry. Only 10% of Chinese urban households had washing machines in 1981 - but 97% did by 2011. 

Economic freedom is a good thing. Remember how Hans Rosling's mother's life was changed by a washing machine. Good things result from growing economies.

photo: kenkoskela.com

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