Here are two great videos on economic freedom and quality of life, courtesy of The Economic Freedom Blog. The first video is a good look at what economic freedom means to quality of life around the world. The second has meaningful statistics we need to know. Watch these videos with your teenagers, college students and Liberals in their 20’s and 30’s – and old hippies.
From the second video.
1] The economic gains of over 20 years in America have been erased in the last nine years.
2] America ranks lower than Canada for the first time ever.
3] The Directory of Federal Regulations has increased to over 81,000 pages. If you read 100 pages every day, it will over two years to read it all.
4] Every year, regulatory compliance costs U.S. businesses over $1.75 TRILLION – enough to hire 42 MILLION workers (one-quarter of the U.S. workforce).
5] The cost of regulatory compliance equals 15% of the U.S. private sector economy.
6] Add cost of government spending, plus cost of tax compliance, and the burden consumes two-thirds of the private economy.
7] Add in government debt and promises of future spending, total government commitments are ten times the private sector economy.
8] Growth of private economy slows down as growth of federal spending increases, resulting in the longest streak of high-unemployment since the great depression.
Every American protester in the Occupy Wall Street crowd has the economic freedoms talked about in these videos, yet instead of calling for the protection of those freedoms, they are calling for revolution against them. I doubt there is anyone in that group that doesn’t have a far better standard of living than in any non-capitalistic country, yet they are calling for the destruction of capitalism.
Economic Freedom and Quality of Life (video)
Economic Freedom (video)