Veronique de Rugy writes in Reason about the decline of global inequality.
- Globalization, economic freedom, and free trade have decreased global inequality levels in the past few decades.
- In addition to increased wages, economic freedom has increased life spans, environmental quality, and access to opportunity while reducing infant mortality and political oppression.
- With populism and isolationism becoming increasingly more popular, principled leaders must hold fast to the principles of economic freedom to address challenges of energy, the environment, and poverty.
“Challenges remain, of course, but the significant reduction in global inequality can’t be ignored. These improvements are not just statistics; each testifies to real stories of human betterment and potential and underscores the immense possibilities that arise when individuals are empowered by freedom, barriers are minimized, and nations collaborate. As we navigate the complexities of the 21st century, this story of triumph should serve as both a beacon and a guide.”
Read the full article here.
The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.
