Home
/
RELIGION & LIBERTY ONLINE
/
7 reasons you should care about economic liberty
7 reasons you should care about economic liberty
Oct 20, 2026 11:39 AM

Christians who support the free market often find ourselves accused of worshiping, in the words of the New York Times, “a false idol” – a thought, shared by a disconcerting number of evangelical Christians and Roman Catholics alike. Yet irrefutable proof to the contrary issued from two very different venues and literally echoed all over the world this week.

From the unassuming and scholarly halls of Canada’s Fraser Institute on Tuesday came its annual report detailing the state of global economic freedom. Its authors provided us the service of cross-referencing their findings with other indices of human well-being and found that the free market benefits the world in at least seven ways:

Life expectancy increases – and people live longer: The average person in the freest nations lives 15 years longer than those in the least free nations (79.5 years in the top 20 percent of free nations vs. 64.4 years in the bottom quartile), according to the World Bank’s “World Development Indicators.”Infant mortality rate declines – and children live: Babies are about seven times as likely to die by their first birthday in the least free nations as they are in the freest nations. (In the most economically interventionist societies, 42.25 babies out of every 1,000 babies die within their first year of life. On the other hand, only 6.28 babies of every thousand die in the most laissez-faire countries.) The decline in death – and the upswing in the number of babies who have an opportunity to grow and offer their unique gifts to the world – moves in sync with increased economic freedom, according to the World Bank’s “World Development Indicators” data.Average citizens prosper: The typical person in the most economically free countries made $40,376 in 2016; someone living in the lowest 20 percent had a per capita e of one-seventh of that ($5,649).Poverty declines sharply: People in economically unfree countries are 2,142 percent more likely to live in extreme poverty (defined as $1.90 a day), and 1,200 percent more likely to live in moderate poverty ($3.20 a day), as recorded by the “World Development Indicators.” At each 20 percent increment in economic freedom, poverty rates fall by more than half.Political freedom expands: Citizens of nations that do not intervene in the economy also enjoy greater political and civil freedom, as measured by Freedom House’s “Freedom in the World 2017” report. (Likewise, theFoundation for the Advancement of Libertyfound that economic liberty is positively correlated with electoral freedom. So is religious liberty, freedom of the press, and an Anglo-American cultural influence.)More gender equality: Women in the most economically free nations score two-and-a-half times better on the UN Gender Inequality Index than those in the most economically interventionist (socialist munist) states.Greater happiness. People who live in economically free nations score significantly higher on the UN World Happiness Report. This makes sense, since a free society leaves its members free to pursue their own desires, or even respect their unalienable right to the “pursuit of happiness.”

“Where people are free to pursue their own opportunities and make their own choices, they lead more prosperous, happier, and healthier lives,” said Fred McMahon of the Fraser Institute.

These disparities in the most fundamental measures of life occur, not just between nations, but within the same nation at different times, as economic liberty expands or contracts.

This message came from a very different venue, and a very different messenger, on Wednesday.

President Donald Trump – neither unassuming nor one to affect academic mannerisms – noted the ravages of socialism in his speech before the United Nations.

The most notable example involved the change that has taken place within the nation ranked dead last for economic freedom in the Fraser Institute’s 2018 report: Venezuela. (North Korea and Cuba are not rated due to lack of data.)

“Currently, we are witnessing a human tragedy as an example in Venezuela,” the president said. “More than two million people have fled the anguish inflicted by the socialist [Nicolás] Maduro regime and its Cuban sponsors.”

Then he recounted Venezuela’s transition from a free nation to a socialist one:

Venezuela was one of the richest countries on earth. Today, socialism has bankrupted the oil-rich nation and driven its people into abject poverty. Virtually everywhere, socialism munism has been tried. It has produced suffering, corruption, and decay. Socialism’s thirst for power leads to expansion, incursion, and oppression. All nations of the world should resist socialism and the misery that it brings to everyone. In that spirit, we asked the nations gathered here to join us in calling for the restoration of democracy in Venezuela. Today we are announcing additional sanctions against the repressive regime, targeting Maduro’s inner circle and close advisers.

His speech put a human face on the Fraser Institute’s numbers. Economic data subsume a myriad of human tragedies.

No one who cares about human flourishing, political freedom, gender equality, or the right of newborn babies to survive to adulthood can turn a blind eye to economic liberty. The production of plenty means that the average person rises, the less fortunate are not so bad off, and the vulnerable at society’s margins survive. For those at either end of life’s journey, economic liberty can literally mean the difference between life and death.

And, as Ian Vasquez said on the Cato Institute’s daily podcast, the countries in this year’s top 10 freest e from the transatlantic sphere (North America and Europe), but also Oceania, Asia, and Africa. Liberty benefits all peoples and cultures by providing them with the stability, security, and autonomy necessary to fulfill their earthly callings.

The empirical evidence proves that economic freedom best empowers all children of God to reach their potential, from the cradle to the grave and every prolonged, joyful second in between.

Waddington. This photo has been cropped. CC BY-SA 2.0.)

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
Why ‘national service’ is misguided nationalism
Earlier this week two presidential candidates ments that how nationalism is dominating American politics. The first came when South Bend mayor Pete Buttigieg told Rachel Maddow “national service will e one of the themes of [my] 2020 campaign.” He said he hopes to “make it, if not legally obligatory, then a social norm.” This in itself is not all that surprising since promoting national service is part of the Democrat Party platform: We believe in the power of national service...
As Notre Dame burns, the Cross stands firm
Many mented on the fact that Paris’s Notre Dame Cathedral burned during Holy Week (see here or here or here for just a few examples), and rightfully so — the symbolism of death and the hope of resurrection is hard to miss. Particularly striking were the images of the cathedral’s golden cross still standing amid the wreckage. It being Holy Week, my first thoughts were three traditional invocations of the Cross of Christ. First was the motto of the Carthusians,...
Malaysian High Court upholds ban on Mustafa Akyol’s ‘Islam without Extremes’
The Malaysian High Court has upheld the previous Malaysian government’s ban on three books including Mustafa Akyol’s ‘Islam without Extremes: A Muslim Case for Liberty’. Akyol is a senior fellow at the Cato Institute’s Center for Global Liberty and Prosperity, where he focuses on public policy, Islam, and modernity. He makes a powerful case for reformist trends in Islam which reinterpret religious law by referring to the moral teachings at its core. His mitment to political, economic, and religious liberty...
Rev. Sirico: Easter in the wake of the Notre Dame fire
It was a terrible thing on Monday to watch as flames consumed the beautiful and historic Notre Dame du Paris cathedral; I’m certain that I was not alone in fearing that before the conflagration was over, we would see that sublime e crashing down in a heap of ash and shattered stone. Thank God that was not the case, and that the courageous Paris fire brigade was able to bring the inferno under control before what would have been the...
Alejandro Chafuen in Forbes: Bringing China and the West together with the help of Meng-Tzu
The ancient Chinese philosopher Meng-Tzu is usually known to Westerners by his Latinized name Mencius, if he is known to them at all. Though not famous outside his native China, Meng-Tzu left us many ideas worthy of consideration, and these often have unexpected parallels with more modern and familiar thinkers. Alejandro Chafuen, Acton’s Managing Director, International, examines some of these parallels in a piece published today for Forbes. Chafuen argues that Meng-Tzu’s ideas are worth remembering not only for their...
Remedial civics for the rest of us
[Note: This is the introduction to an occasional series that provides information on what you should have learned in school—but probably didn’t—about how the U.S. government works (or why it doesn’t).] For most of my adult life I thought I knew how laws were made. Since the age of seven I had been reciting the lyrics to the 1976 Schoolhouse Rock! segment, “I’m Just a Bill,” and I had learned in civics class the es-law spiel so well I was...
What you may not know about members of Congress
[Note: This is the first in an occasional series, Remedial Civics, which provides information on what you should have learned in school—but probably didn’t—about how the U.S. government works (or doesn’t).] The Congress of the United States is a bicameral legislature, which means that it is made up of two chambers, or houses: the Senate and the House of Representatives. Here are some of the basic facts you should know about who they are and how they are elected. Congress...
How Jesus Christ upended the scapegoat myth: a Girardian interpretation
All societies, writes the French philosopher Rene Girard, are rooted in violence. Such violence has a mimetic dimension, which means that men are fated to mimic the behavior of other men. They like what others like, they desire what others desire. Inevitably, the dynamics of reciprocal imitation lead to disputes and social chaos. However, the human being rejects chaos and cries for the restoration of order; but without being able to get rid of the mimetic desire, one single solution...
When was the original Good Friday?
Today is Good Friday*, the religious holiday memorates the crucifixion of Jesus Christ and his death at Calvary. Christians have celebrated the event for over two millennia. But what was the date of the original Good Friday?Almost all scholars agree that Jesus was crucified in the spring of either A.D. 30 or A.D. 33. In their book,The Final Days of Jesus: The Most Important Week of the Most Important Person Who Ever Lived, Andreas Köstenberger and Justin Taylor contend that...
New video of Rev. Robert Sirico: ‘Defending the Free Market: The Moral Case for a Free Economy’
Earlier this month Fr. Robert Sirico delivered an address to the Liberty Forum of Silicon Valley titled, ‘Defending the Free Market: The Moral Case for a Free Economy’. The talk begins with an account of a formative childhood experience which first kindled in him a passion for justice. Fr. Robert then describes his own journey from left-wing activism to ing an advocate for free markets. He describes how exploring questions at the heart of economic theory caused him to look...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved