By empowering people to exercise greater control of their daily lives, economic freedom ultimately nurtures political reform as well by making it possible for individuals to gain the economic resources necessary to challenge entrenched interests or compete for political power, thereby encouraging the creation of more pluralistic societies.
Pursuit of greater economic freedom is thus an important stepping stone to democracy. It empowers the poor and builds the middle class. It is a philosophy that encourages entrepreneurship and disperses economic power and decision-making throughout an economy.
by The Wall Street Journal and
The Heritage Foundation.