Video: Think economic freedom, think higher quality of life

posted at 5:26 pm on June 28, 2011 by Tina Korbe

Just as confidence in the economy drops below 2010 levels, a new video from the Charles Koch Foundation makes the case for economic freedom with a resonant question and the indisputable graphics to answer it.

The connection between economic freedom and quality of life couldn’t be clearer. As the video explains, in countries with the most free economies, people earn, on average, more than eight times what people earn in countries with the least free economies — and the poor in the freest economies earn 10 times more than the poor in the most restrictive economies. People in the most economically free countries are happier, have better protected civil rights and cleaner environments. They live, on average, about 20 times longer. The freest countries also have less corruption, less infant mortality, less child labor and less unemployment.

Those facts make it all the more urgent and imperative that the United States reverse course. Over the past few years, the nation has declined in the rankings of economically free countries, according to the Wall Street Journal-Heritage Foundation Index of Economic Freedom — and it will supposedly continue to decline. But if we want to retain to retain the high quality of life we enjoy now, that has to change.

As a side note, the video itself is as impressive as the information it presents. As one YouTube commenter put it, it’s “an amazingly well composed, straightforward and beautifully executed video to explain the most basic cornerstone of prosperity and quality of life.” It resembles, slightly, this innovative and entertaining “Joy of Stats” video and proves the same point: Data visualization is no easy assignment, but, when done effectively, as here, it educates and invites viewers in an especially memorable way. May this video make the rounds to those who might not know just what’s at stake in economic debates!


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“live 20 times longer”?
Oops?

Count to 10 on June 28, 2011 at 5:32 PM

Regression!

All relatively free people fully deserve their ‘leaders’.

Schadenfreude on June 28, 2011 at 5:32 PM

Very Cool!

txmomof6 on June 28, 2011 at 5:34 PM

Economic success is based on world trade. No nation can produce all its needed goods.

The most productive nations tend to play the international trade game the best.

England was at the top of the heep for a century. Its when it stop trying to be a super power and started being a “Friend to the world” that things go downhill.

Every nation works to get an advantage in the economic and political stage. When you give up that attempt you immediately fall behind all others.

Real politics is always far better than idealistic politics. The a Strong UN wont make the US stronger. A strong China will not make the US stronger. Only making ourselves stronger and playing the game better than other nations will do that.

William Amos on June 28, 2011 at 5:37 PM

And here we are killing economic freedom by growing massive, corrupt, unstopppable, power craving government.

Yay!!!! I want to be on list B !!!

darwin on June 28, 2011 at 5:38 PM

Count to 10 on June 28, 2011 at 5:32 PM

It says 20 years not 20 times.

William Amos on June 28, 2011 at 5:39 PM

It says 20 years not 20 times.

William Amos on June 28, 2011 at 5:39 PM

They live, on average, about 20 times longer. The freest countries also have less corruption, less infant mortality, less child labor and less unemployment.

Typo on Tina’s part.

VegasRick on June 28, 2011 at 5:41 PM

VegasRick on June 28, 2011 at 5:41 PM

Yeah I see that now thought the video was what was being mentioned as being wrong.

William Amos on June 28, 2011 at 5:43 PM

This is nothing more than fascist right wing propaganda put out by the evil Koch brothers who are intent on bankrupting the middle class.

Richard L. Trumka, AFL-CIO President

Rod on June 28, 2011 at 5:50 PM

Great video. Just “liked” their FB page.

nickj116 on June 28, 2011 at 6:07 PM

Progressivism…….destroyer of mankind (ultimately, it leads nowhere else).

PappyD61 on June 28, 2011 at 6:09 PM

And the leftists scream in union (heh): “KOOOOCCCHHHHH!!!”

Skywise on June 28, 2011 at 6:14 PM

A good “smart” liberal will tell you that the economically free countries are living off the backs of the economically oppressed countries. You can’t convince chronically stupid people. They pride themselves at being ignorant and irrational.

NotCoach on June 28, 2011 at 6:23 PM

Rod on June 28, 2011 at 5:50 PM

Koch Brothers? Stand by for instant demonization by Think Regress and Moron.org!

2ipa on June 28, 2011 at 6:26 PM

Rod on June 28, 2011 at 5:50 PM

Koch Brothers? Stand by for instant demonization by Think Regress and Moron.org!

2ipa on June 28, 2011 at 6:26 PM

The entire attack on the Koch brothers was designed to take the spotlight away from the democratics favorite Nazi stooge, George Soros.

slickwillie2001 on June 28, 2011 at 6:49 PM

Those facts make it all the more urgent and imperative that the United States reverse course. Over the past few years, the nation has declined in the rankings of economically free countries, according to the Wall Street Journal-Heritage Foundation Index of Economic Freedom

If you think that over the past couple years there have been ‘dramatic’ changes that reduce economic freedom in America, you’re being dishonest. Taxes on the rich remain lower than ever and greenhouse emission regulation has yet to impact industry. While this country’s decline was accelerated by the Great Recession, its pattern was clearly established during the Bush administration as the trade deficit reached new heights, job growth stagnated, and middle class incomes stalled.

This country is in total denial about its decline and can’t even start an honest discussion about how to reverse it.

foreverright on June 28, 2011 at 7:11 PM

England was at the top of the heep for a century. Its when it stop trying to be a super power and started being a “Friend to the world” that things go downhill.

That’s got to be the dumbest explanation ever presented. Military spending that exceeds a nation’s capacity has traditionally been the source of collapse, not the over-pursuit of peace.

The most productive nations tend to play the international trade game the best.

Especially China, which has convinced the US to engage in semi-trade with its $1 hourly labor-driven industries.

By the way, notice that China and other countries undergoing massive growth were excluded from the list? Wonder why?

foreverright on June 28, 2011 at 7:16 PM

By the way, notice that China and other countries undergoing massive growth were excluded from the list? Wonder why?

foreverright on June 28, 2011 at 7:16 PM

Because no matter how much economic growth China is experiencing, it’s not a free country and thus their people aren’t doing better.

mizflame98 on June 28, 2011 at 7:32 PM

Because no matter how much economic growth China is experiencing, it’s not a free country and thus their people aren’t doing better.

mizflame98 on June 28, 2011 at 7:32 PM

Bull. You don’t have to be guaranteed every right under the sun to benefit from economic prosperity. And on the flip side, if you (supposedly) HAVE all kinds of rights but almost no means with which to enjoy them…what’s the point?

Uncle Sams Nephew on June 28, 2011 at 7:35 PM

Bull. You don’t have to be guaranteed every right under the sun to benefit from economic prosperity. And on the flip side, if you (supposedly) HAVE all kinds of rights but almost no means with which to enjoy them…what’s the point?

Uncle Sams Nephew on June 28, 2011 at 7:35 PM

So, which is it Sam?

mizflame98 on June 28, 2011 at 7:37 PM

So, which is it Sam?

mizflame98 on June 28, 2011 at 7:37 PM

China has more of the former and we have more of the latter, what with the depression getting worse by the month. As a jaded friend put it – “When I can’t afford a BB gun, the 2nd Amendment means bupkis to me.”

Uncle Sams Nephew on June 28, 2011 at 7:41 PM

Finally got to a computer to watch this. Very smooth.

Count to 10 on June 28, 2011 at 8:07 PM

By the way, notice that China and other countries undergoing massive growth were excluded from the list? Wonder why?

foreverright on June 28, 2011 at 7:16 PM

The data is there if you visit the website but growth isn’t a factor and their mean income remains weak. I did notice some other anomalies. Norway scores very low for a mature industrialized economy on ‘economic freedom’ and yet scores extremely high on those things that are said to be products of economic freedom. Bahrain does well in economic freedom and income but the majority of its people have little freedom if recent demonstrations and the way were handled says anything.

Economic freedom is very important and valuable but I think they might need to rethink some of the data points and weightings of what really makes one economy ‘economically free’ relative to others.

lexhamfox on June 28, 2011 at 8:24 PM

They live, on average, about 20 times longer.

That’s a typo right there. it is 20 years.

Please fix.

antisocial on June 28, 2011 at 11:20 PM

To paraphrase Ronald Reagan:

A Recession is when a neighbor loses his/her job.

A Depression is when you lose your job.

A Recovery is when Barack Obama loses his job!

ChuckTX

ChuckTX on June 29, 2011 at 12:41 AM

Those Koch brothers are obviously racist, not realizing the inherent ability of our Marxist trash to prove history wrong.

or something…

MNHawk on June 29, 2011 at 7:17 AM