Every year this newspaper, in collaboration with the Heritage Foundation, publishes "The Index of Economic Freedom," and every year the findings are the same: that there is an undeniable correlation between economic freedom and economic well-being around the globe.
The Index is hardly the only source supporting this conclusion. For anyone for whom freedom alone just isn't good enough - predominantly, we would guess, those who have never been deprived of it - there is a wealth of evidence indicating that it provides lots of material goodies as well. So much so that you would have to struggle pretty hard to come up with something else to which to attribute the world's success stories.
Yet a significant number of politicians, academics and others around the world continue to insist that free markets are dangerous and not to be trusted; that it is markets, not governments, which need to be restrained; and that a high degree of government control of the economy somehow results in a more "humane" society than that produced by the ruthlessness of the marketplace.
...Read the rest here.