When trying to educate people about the superiority of free enterprise over statism, I generally show them long-run data comparing market-oriented jurisdictions with those that have state-driven economies. Here are some of my favorite examples.
- North Korea vs. South Korea
- Cuba vs. Chile
- Ukraine vs. Poland
- Hong Kong vs. Argentina
- Singapore vs. Jamaica
It’s my hope that when readers look at these comparisons, they will recognize the value of economic freedom because it is very obvious that ordinary people become far more prosperous when government is small.
But there’s also another way of determining which approach is superior. Just look and see what happens when people are allowed to vote with their feet. Or, just as important, look at places where people are not allowed to vote with their feet.
The Berlin Wall and the Iron Curtain, for instance, existed to prevent people from escaping the horror of Soviet communism
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