Difference between revisions of "Portal:Economic Freedom"

If you had to choose between one and the other - between political freedom and economic freedom, having one and not the other - which would you choose? Most would likely choose economic freedom since it rules more of our lives and provides our living. But this is a trick question because one cannot choose to have political freedom and forego economic freedom.

Many people see political freedom and economic freedom as unrelated - believing that individual freedom is a political problem and material welfare an economic problem. And that therefore, being unconnected, any economic arrangement can be coupled with any political arrangement.
From a practical standpoint freedom of economic transaction and arrangement is part of, and fundamental to individual freedom. Further, economic freedom is essential to political freedom - political freedom cannot be said to exist if it does not also grant freedom of economic decision and activity. At least we cannot point to an example in history of political freedom in the absence of economic freedom in a like amount. Nor can we reconcile how it would work in theory. There are examples in history of societies that voted away their economic freedom or parts of it and then discovered that there is also a price in a like amount of political freedom.

Article topics for this category

Topics (sub-categories) and articles in this category can discuss a range of topics that relate to economic freedom. These include (but not necessarily limited to):

• the relationship between Economic Freedom and Political Freedom
• Capitalism vs. Socialism
• The Role of Government and Fiscal Policy in a Free Economy

and

• Wealth and Poverty

which has its own homepage: Category:Wealth and Poverty

• The topic of income distribution and inequality are part of the wealth and poverty discussion.