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Why are Some Nations Rich and Others Poor?

12 Jul 2023 | Debater Resources

The Heritage Foundation has just issued its indispensable international Index of Economic Freedom for 2023. This chart shows the powerful correlation between freedom and growth.

Countries that are mostly free are 10 times richer per person than the most socialistic nations and three times richer than nations with average freedom. Economic freedom had been trending upward over the last two decades, but since COVID hit, freedom has fallen – and so has economic growth.

John C. Goodman is President of the Goodman Institute and Senior Fellow at The Independent Institute. His books include the soon-to-be-published updated edition of Priceless: Curing the Healthcare Crisis, the widely acclaimed A Better Choice: Healthcare Solutions for America, and New Way to Care: Social Protections that Put Families First. The Wall Street Journal and National Journal, among other media, have called him the “Father of Health Savings Accounts.”

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