In short their argument is more respect for property and more economic manoeuvre space creates a lot of wealth.
Does this mean socialism and high taxes to do whatever someone with a "plan" has come up with is bad idea?
YES!
Does it mean that "generally" regulation is a bad idea?
Probably.
Does it mean we should close the police stations and embrace free market justice provision?
No. The site contains the facts, don't extrapolate what might or might not be a workable theory and attack or defend that.
http://www.heritage.org/index/Ranking
Here are the top 11 as ranked for economic freedom, all of them at present are really developed places.
- Honk Kong
- Singapore
- Australia
- New Zealand
- Switzerland
- Canada
- Ireland
- Denmark
- United States
- Bahrain
- Chile