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Economic Freedom

60 years later:
Live 14.7 years longer Earn 14.7 times higher income

Spend 1467 times more on health care


Use 10 times more electricity 91% less likely to die in infancy Have 40% fewer children

Where do you live?

2012 Index of Economic Freedom (Heritage)


10 factors examined:

Business freedom Trade freedom Fiscal freedom Government spending Monetary freedom Investment freedom Financial freedom Property rights Freedom from corruption Labor freedom

Annual Report: Economic Freedom of the World (The Fraser Institute)

1. 2.

3.
4. 5. 6. 7. 8. 9.

10.

Hong Kong (89.9) Singapore (87.5) Australia (83.1) New Zealand (82.1) Switzerland (81.1) Canada (79.9) Chile (78.3) Mauritius (77.0) Ireland (76.9) United States (76.3)

170. Guinea, Equatorial 171. Iran

172. Congo, Democratic

Republic 173. Burma 174. Venezuela 175. Eritrea 176. Libya 177. Cuba 178. Zimbabwe 179. North Korea

Most Free: 85

Least Free: 170. Guinea, Equatorial 171. Iran 172. Congo, Democratic Republic 173. Burma 174. Venezuela 175. Eritrea 176. Libya 177. Cuba 178. Zimbabwe

80
75 70 65 60 55 50 Least Free

79.3 72.3 67.8 59.9

1. Hong Kong 2. Singapore 3. Australia

4. New Zealand 5. Switzerland 6. Canada 7. Chile 8. Mauritius Third Second Most Free 9. Ireland

Life Expectancy at Birth, 2008 The Fraser Institute Foundation, Economic Freedom of the World. 2010 Annual Report, Exhibit 1.10.

10. United States 179. North Korea

Most Free:

Least Free: 170. Guinea, Equatorial 171. Iran 172. Congo, Democratic Republic 173. Burma 174. Venezuela 175. Eritrea 176. Libya 177. Cuba 178. Zimbabwe

$35,000 $30,000 $25,000 $20,000 $15,000 $10,000 $5,000 $0

$32,744

1. Hong Kong 2. Singapore

$14,659 $7,188 $3,858

3. Australia

4. New Zealand 5. Switzerland 6. Canada 7. Chile 8. Mauritius 9. Ireland

Income per Capita


GDP per Capita, 2008 The Fraser Institute Foundation, Economic Freedom of the World. 2010 Annual Report, Exhibit 1.6.

10. United States 179. North Korea

2.58%
2.60% 2.50%

2.47% 2.19%

2.40%
2.30% 2.20% 2.10%

2.27%

2.00%
1.90%
Least Foundation, Economic Third The Fraser InstituteFree Freedom of the World 2007 Annual Report, Exhibit 1.12 Second Most Free

Most Free:

Least Free: 170. Guinea, Equatorial 171. Iran 172. Congo, Democratic Republic 173. Burma 174. Venezuela 175. Eritrea 176. Libya 177. Cuba 178. Zimbabwe

$9,000 $8,000 $7,000 $6,000 $5,000 $4,000 $3,000 $2,000 $1,000 $0

$8,474

1. Hong Kong 2. Singapore 3. Australia

$3,334 $1,792 $910


4. New Zealand 5. Switzerland 6. Canada 7. Chile 8. Mauritius 9. Ireland

Average Income Earned by the Poorest 10%, 2008 The Fraser Institute Foundation, Economic Freedom of the World. 2010 Annual Report, Exhibit 1.9.

10. United States 179. North Korea

Most Free:

Least Free: 170. Guinea, Equatorial 171. Iran 172. Congo, Democratic Republic 173. Burma 174. Venezuela 175. Eritrea 176. Libya 177. Cuba 178. Zimbabwe

8
7 6 5

7.4 6.5 5.7

1. Hong Kong 2. Singapore 3. Australia

4. New Zealand 5. Switzerland

4
3 2
Least Free Third Second Most Free

2.6

6. Canada 7. Chile 8. Mauritius 9. Ireland

Corruption Perceptions Index, 2008-09 The Fraser Institute Foundation, Economic Freedom of the World. 2010 Annual Report, Exhibit 1.12. Inverted for display.

10. United States 179. North Korea

Political Rights & Civil Liberties

Most Free: 1. Hong Kong 2. Singapore 3. Australia

Least Free: 170. Guinea, Equatorial 171. Iran 172. Congo, Democratic Republic 173. Burma 174. Venezuela 175. Eritrea 176. Libya 177. Cuba 178. Zimbabwe

6
5 4 3 2

4.7 3.6

5.4

4. New Zealand 5. Switzerland 6. Canada 7. Chile 8. Mauritius 9. Ireland

2.7

Political Rights/Civil Liberties Index, 2008 The Fraser Institute Foundation, Economic Freedom of the World. 2010 Annual Report, Exhibit 1.13. Inverted for display.

10. United States 179. North Korea

Most Free:

Least Free: 170. Guinea, Equatorial 171. Iran 172. Congo, Democratic Republic 173. Burma 174. Venezuela 175. Eritrea 176. Libya 177. Cuba 178. Zimbabwe

8 7 6

7.5 5.9 4.7 6.3

1. Hong Kong 2. Singapore 3. Australia

4. New Zealand 5. Switzerland 6. Canada 7. Chile 8. Mauritius 9. Ireland

5
4

Life Satisfaction Index, 2008 The Fraser Institute Foundation, Economic Freedom of the World. 2010 Annual Report, Exhibit 1.11.

10. United States 179. North Korea

Most Free:

Least Free: 170. Guinea, Equatorial 171. Iran 172. Congo, Democratic Republic 173. Burma 174. Venezuela 175. Eritrea 176. Libya 177. Cuba 178. Zimbabwe

7.00%

1. Hong Kong 2. Singapore

7.00% 6.00% 5.00% 4.00% 3.00% 2.00% 1.00% 0.00%

4.20%

3. Australia

2.20% 1.00%

4. New Zealand 5. Switzerland 6. Canada 7. Chile 8. Mauritius 9. Ireland

10. United States 179. North Korea


The Fraser Institute Foundation, Economic Freedom of the World 2007 Annual Report, Exhibit 1.12

20%

19% 13%

15%
10% 5% 0%

12%

11%

11% 6%

4% 1%
Least Free Third Second Most Free

Child Labor

Unemployment

Percentage

of children (Ages 10-14) in Labor Force, 2006 The Fraser Institute Foundation, Economic Freedom of the World. 2006 Annual Report, Exhibit 1.11.

Total

unemployment (% of total labor force), 2003 The Fraser Institute Foundation, Economic Freedom of the World. 2006 Annual Report, Exhibit 1.8

Shows clearly that economic


freedom is a pre-condition for the development of prosperity!
Source: Holmes, K.R. Economic Freedom as a Human Right

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Freedom is never more than one generation away from extinction. We didnt pass it to our children in the bloodstream. It must be fought for, protected, and handed down for them to do the same, or one day we will spend our sunset years telling our children and our childrens children what it was once like in the United States where men were free. Ronald Wilson Reagan