What Makes a Society Free and Prosperous?

Today, Australians enjoy unprecedented safety, wealth, and longevity.

Over the last century:

Homicide rates per 100,000 people have dropped from 2.6 to 1.0.
GDP per capita has soared from $7,336 to $52,059.
Life expectancy has increased from 61.0 years to 83.4 years.
The population has grown from 5.4 million to 26.6 million.

Similar transformations have taken place in other countries. Around the world, millions are better off than ever before. For centuries, most people lived on just $3 per day; today, the global average is $45 per day, or $16,667 annually. More people have been lifted out of poverty in the last hundred years than in the entire history of mankind.

What has brought about this remarkable, comfortable, and civil modern life?

Here’s the secret.

In a free market, every trade benefits both parties. The more we diversify as consumers and specialize as producers, the more prosperous we become as individuals and nations.

Entrepreneurs drive this economic process. They invest their time and capital, backing their judgments to create the goods and services they believe consumers want.

For a concise explanation of libertarian economics and its successful outcomes, I recommend spending 20 minutes listening to Javier Milei’s speech at the Annual Meeting of the World Economic Forum in Davos in January 2024.

My books and blogs are grounded in the principles of Libertarian Philosophy and Austrian Economics.

The Fragility of Freedom offers insights into the cultural heritage of Western civilization and advocates for a moral society based on the principle of subsidiarity.

The Fortunate delves into the ideas that have fostered the free and affluent societies we enjoy today.

My books are published by Connor Court.

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