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2330d · Ed
“Less Economic Freedom Equals More Income Inequality” https://reason.com/archives/2015/02/20/less-economic-freedom-equals-more-income
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Well, what do you classify as economic freedom? This term is used to mean many things & is always taken out of context completely.You need to question if what you read is true.
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Bennett, Daniel, and Richard Vedder. "A dynamic analysis of economic freedom and income inequality in the 50 US states: Empirical evidence of a parabolic relationship." (2012).
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From the study cited in the article,
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By this I mean, Capitalism says Capitalism means Free Markets, but it doesn't. US says they are for freedom, democracy, but they aren't. Just reading something doesn't make it true.
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Also, it seems like capitalist countries have freer markets than communist/socialist ones. Though you’d have to give examples of communist/socialist countries.
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Most of the graph linked uses Heritage Index of Economic Freedom. https://www.heritage.org/index/about
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Generally they have many categories. Rate the market conditions on a scale (some of the measures are quantitative). Average the ratings together to get one number comparing countries
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I dont know why you’re so hung up on what its called. You seem to support free markets and/or communism.
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Then support free markets & let people organize how they want (even if it’s in a way you dont agree with).