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"Economic Freedom is the freedom for you as an individual to follow your own path. It has nothing to do with individuals vs corporations." On the right, we hav

• brc 13y ago
  Well, no. I'll restate again: Economic Freedom gives you, the individual, the freedom to pursue your own economic choices. That is the type of job you'd like to do, the type of business you'd like to start, how you'd like to spend your income. It has zero to do with David vs Goliath, Corporation vs Individuals. Case in point. Would you like to start a community bank, to better serve yourself and your local community? Have you got the freedom from regulations to do so? Regulations, as we all know, are often written by lobbyists and passed by politicians. Frequently these regulations are designed to entrench power and escape from competition. Let's look at a common discussion point on this site - Uber. High economic freedom means you're free to start your own Uber-like service. You're free to create a car service, and free as a consumer to purchase a ride from them. Low economic freedom means there are barriers from either starting the company or buying it's products. From such freedoms springs economic growth. Entrepreneurs require economic freedom so that they can find new paths, so that they can pivot around looking for the right business model. That is why it has nothing to do with 'big vs small' or anything like that. Regulations do not make you free.