Nov 24, 2008

Wealth expands people’s choices

Los norteamericanos son considerablemente más ricos que hace 40 años, pero ¿son más libres? Muy interesante columna en Reason sobre la relación entre riqueza y libertad:

As Milton Friedman showed in Capitalism and Freedom, such wealth both feeds and is a byproduct of freedom. On one hand, freedom in economic arrangements produces wealth. This, in turn, produces a demand for more liberty, which then produces more prosperity. Thus, increasing wealth is usually correlated with increasing economic freedom. The deregulations of the airline, telecom, and trucking industries in the 1970s, and the marginal tax rate cuts and control of inflation in the ’80s, contributed to the widespread prosperity of the ’90s.

Yet, the wealth accumulation of the last 40 years has also made the government bigger. Real federal spending increased from $774 billion in 1968 to $2.5 trillion in 2008—a 225 percent increase—and federal spending per household grew from $11,800 to roughly $21,000 over that period, in constant dollars. This forms a libertarian paradox: economic freedom and wealth breed not just more political freedom, wealth, and choice but also more government.

1 comment:

  1. Macho, ¿nadie dice nada de este artículo? Me pareció muy interesante.

    ReplyDelete

Note: Only a member of this blog may post a comment.