Over the last 30 years, we have witnessed the most significant movement out of poverty in human history. If this trend continues, we will see extreme poverty almost completely eradicated in the 21st century, according to a 2008 report from the World Bank. This historic economic movement was not the result of government programs, the United Nations' national debt forgiveness, or even Christian charity. It was brought about by the spread of economic freedom and capitalism.
Economic freedom is important because it affects nearly every aspect of an individual's life. Living in a society with high levels of economic freedom leads to higher incomes, less poverty, less unemployment, longer life expectancies, lower infant mortality, higher literacy, cleaner environments, and a host of other benefits. More economic freedom equals improved well-being and a better quality of life. Economic freedom, then, is one measure of what the Bible calls “flourishing."
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