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Economic Freedom
AFPF Academy
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?
Economic Freedom: A Case Study
South Korea
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)
A 30,000-foot view:
170.Guinea, Equatorial171.Iran172.Congo, Democratic
Republic173.Burma174.Venezuela175.Eritrea176.Libya177.Cuba178.Zimbabwe179.North Korea
1. Hong Kong (89.9)2. Singapore (87.5)3. Australia (83.1)4. New Zealand (82.1)5. Switzerland (81.1)6. Canada (79.9)7. Chile (78.3)8. Mauritius (77.0)9. Ireland (76.9)10.United States
(76.3)
Life Expectancy:Most Free: Least Free:
1. Hong Kong 170. Guinea, Equatorial
2. Singapore 171. Iran
3. Australia 172. Congo, Democratic Republic
4. New Zealand
173. Burma
5. Switzerland
174. Venezuela
6. Canada 175. Eritrea
7. Chile 176. Libya
8. Mauritius 177. Cuba
9. Ireland 178. Zimbabwe
10. United States
179. North Korea
Leas
t Fre
e
Third
Seco
nd
Mos
t Fre
e50
55
60
65
70
75
80
85
59.9
67.872.3
79.3
Life Expectancy at Birth, 2008The Fraser Institute Foundation, Economic Freedom of the World.2010 Annual Report, Exhibit 1.10.
Wealth…Most Free: Least Free:
1. Hong Kong 170. Guinea, Equatorial
2. Singapore 171. Iran
3. Australia 172. Congo, Democratic Republic
4. New Zealand
173. Burma
5. Switzerland
174. Venezuela
6. Canada 175. Eritrea
7. Chile 176. Libya
8. Mauritius 177. Cuba
9. Ireland 178. Zimbabwe
10. United States
179. North Korea
Leas
t Fre
e
Third
Seco
nd
Mos
t Fre
e$0
$5,000
$10,000
$15,000
$20,000
$25,000
$30,000
$35,000
$3,858 $7,188
$14,659
$32,744
Income per CapitaGDP per Capita, 2008The Fraser Institute Foundation, Economic Freedom of the World.2010 Annual Report, Exhibit 1.6.
Least Free Third Second Most Free1.90%
2.00%
2.10%
2.20%
2.30%
2.40%
2.50%
2.60%2.47%
2.19%2.27%
2.58%
Income Share of the Poorest 10%:
The Fraser Institute Foundation, Economic Freedom of the World2007 Annual Report, Exhibit 1.12
Income Level of the Poorest 10%:
Most Free: Least Free:
1. Hong Kong 170. Guinea, Equatorial
2. Singapore 171. Iran
3. Australia 172. Congo, Democratic Republic
4. New Zealand
173. Burma
5. Switzerland
174. Venezuela
6. Canada 175. Eritrea
7. Chile 176. Libya
8. Mauritius 177. Cuba
9. Ireland 178. Zimbabwe
10. United States
179. North Korea
Leas
t Fre
e
Third
Seco
nd
Mos
t Fre
e$0
$1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 $8,000 $9,000
$910 $1,792
$3,334
$8,474
Average Income Earned by the Poorest 10%, 2008The Fraser Institute Foundation, Economic Freedom of the World.2010 Annual Report, Exhibit 1.9.
Corruption:Most Free: Least Free:
1. Hong Kong 170. Guinea, Equatorial
2. Singapore 171. Iran
3. Australia 172. Congo, Democratic Republic
4. New Zealand
173. Burma
5. Switzerland
174. Venezuela
6. Canada 175. Eritrea
7. Chile 176. Libya
8. Mauritius 177. Cuba
9. Ireland 178. Zimbabwe
10. United States
179. North Korea
Leas
t Fre
e
Third
Seco
nd
Mos
t Fre
e2
3
4
5
6
7
8 7.46.5
5.7
2.6
Corruption Perceptions Index, 2008-09The Fraser Institute Foundation, Economic Freedom of the World.2010 Annual Report, Exhibit 1.12. Inverted for display.
Political Rights & Civil Liberties:
Most Free: Least Free:
1. Hong Kong 170. Guinea, Equatorial
2. Singapore 171. Iran
3. Australia 172. Congo, Democratic Republic
4. New Zealand
173. Burma
5. Switzerland
174. Venezuela
6. Canada 175. Eritrea
7. Chile 176. Libya
8. Mauritius 177. Cuba
9. Ireland 178. Zimbabwe
10. United States
179. North Korea
Leas
t Fre
e
Third
Seco
nd
Mos
t Fre
e2
3
4
5
6
2.73.6
4.75.4
Political Rights & Civil Liberties
Political Rights/Civil Liberties Index, 2008The Fraser Institute Foundation, Economic Freedom of the World.2010 Annual Report, Exhibit 1.13. Inverted for display.
Happiness!Most Free: Least Free:
1. Hong Kong 170. Guinea, Equatorial
2. Singapore 171. Iran
3. Australia 172. Congo, Democratic Republic
4. New Zealand
173. Burma
5. Switzerland
174. Venezuela
6. Canada 175. Eritrea
7. Chile 176. Libya
8. Mauritius 177. Cuba
9. Ireland 178. Zimbabwe
10. United States
179. North Korea
Leas
t Fre
e
Third
Seco
nd
Mos
t Fre
e4
5
6
7
8
4.7
5.96.3
7.5
Life Satisfaction Index, 2008The Fraser Institute Foundation, Economic Freedom of the World.2010 Annual Report, Exhibit 1.11.
Infant MortalityMost Free: Least Free:
1. Hong Kong 170. Guinea, Equatorial
2. Singapore 171. Iran
3. Australia 172. Congo, Democratic Republic
4. New Zealand
173. Burma
5. Switzerland
174. Venezuela
6. Canada 175. Eritrea
7. Chile 176. Libya
8. Mauritius 177. Cuba
9. Ireland 178. Zimbabwe
10. United States
179. North Korea
Leas
t Fre
e
Third
Seco
nd
Mos
t Fre
e0.00%1.00%2.00%3.00%4.00%5.00%6.00%7.00%
7.00%
4.20%
2.20%
1.00%
The Fraser Institute Foundation, Economic Freedom of the World2007 Annual Report, Exhibit 1.12
Child Labor, Unemployment,& Homicide:
Least Free
Third Second Most Free
0%2%4%6%8%
10%12%14%16%18%20%
19%
12%
4%
1%
13%11% 11%
6%
Child Labor † Unemployment ‡
†Percentage of children (Ages 10-14) in Labor Force, 2006The Fraser Institute Foundation, Economic Freedom of the World.2006 Annual Report, Exhibit 1.11.
‡Total unemployment (% of total labor force), 2003The 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!
Take Home of the Index:
Source: Holmes, K.R. Economic Freedom as a Human Right
America’s Perspective:
2000Hong KongSingaporeUnited StatesSwitzerlandNew ZealandUnited KingdomIrelandCanadaNetherlandsAustralia
2008Hong KongSingaporeNew ZealandChileSwitzerlandUnited StatesUnited KingdomIrelandCanadaNetherlands
2012Hong KongSingaporeAustraliaNew Zealand SwitzerlandCanadaChileMauritiusIrelandUnited States
Economic Freedom of the World 2012 Annual Report by Fraser Institute
SPENDING…
REGULATIONS:
Welcome to WISCONSIN!
By the way, this is a midget:
Fatwallet.com
One of the top 50 workplaces in America12-year-old company with 55 employees“It was really about getting to Wisconsin and
getting to a more small-business-friendly atmosphere… In a quick time frame, we had to find a different state to work in.” -Ryan Washatka, COO: FatWallet.com
Catalyst Exhibits, Inc.Discover MagazineBemis Co.
“Freedom is never more than one generation away from extinction. We didn’t 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 children’s children what it was once like in the United States where men were free.”–Ronald Wilson Reagan
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