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Economic Principles

THE POVERTY OF NATIONS: A SUSTAINABLE SOLUTION

Composite List of Factors That Will Enable a Nation to Overcome Poverty

 

A. The Nation’s Economic System (details in chapter 4)

1. Thenation has a free-market economy. (131–221)

2. Thenation has widespread private ownership of property.

(141–54)

3. Thenation has an easy and quick process for people to

gaindocumented, legally binding ownership of property.

(149–54)

4. Thenation maintains a stable currency. (155–58)

5. Thenation has relatively low tax rates. (158–62)

6. Thenation is annually improving its score on an international

index ofeconomic freedom. (162)

 

 

B. The Nation’s Government (details in chapter 7)

1. Everyperson in the nation is equally accountable to the

laws(including wealthy and powerful people). (225–26)

2. Thenation’s courts show no favoritism or bias, but enforce

justiceimpartially. (227)

3. Briberyand corruption are rare in government offices,

and they arequickly punished when discovered. (227–29)

4. Thenation’s government has adequate power to maintain

governmentalstability and to prevent crime. (229–30)

5. There areadequate limits on the powers of the nation’s

governmentso that personal freedoms are protected.

(230–33)

6. Thepowers of the government are clearly separated

betweennational, regional, and local levels, and between

differentbranches at each level. (234–36)

7. Thegovernment is accountable to the people through

regular,fair, open elections, and through freedom of the

press andfree access to information about government

activities.(236–39)

8. Thegovernment adequately protects citizens against

crime. (239–41)

9. Thegovernment adequately protects citizens against

epidemics ofdisease. (241–42)

10. Thenation’s legal system adequately protects people

andbusinesses against violations of contracts. (242–43)

11. Thenation’s legal system adequately protects people

andbusinesses against violations of patents and copyrights.

(243–46)

12. Thegovernment effectively protects the nation against

foreigninvasion. (246–48)

13. Thegovernment avoids useless wars of conquest

againstother nations. (248–50)

14. The nation’slaws protect the country against destruction

of itsenvironment. (250–52)

15. Thenation requires universal education of children up

to a levelwhere people are able to earn a living and contribute

positivelyto society. (253–56)

16. Thenation’s laws protect and give some economic

incentivesto stable family structures. (256–57)

17. Thenation’s laws protect freedom of religion for all

religiousgroups and give some benefits to religions generally.

(258)

 

 

C. The Nation’s Freedoms (details in chapter 8)

1. Everyonein the nation has freedom to own property.

(263)

2. Everyonein the nation has freedom to buy and sell

goods andservices, so that there are no protected monopolies.

(263–64)

3. Everyonein the nation has freedom to travel and transport

goodsanywhere within the nation. (264–67)

4. Everyonein the nation has freedom to relocate anywhere

within thenation. (267)

5. Everyonein the nation has freedom to trade with other

countrieswithout dealing with restrictive quotas or tariffs.

(267–269)

6. Everyonein the nation has freedom to start and register

a businessquickly and inexpensively. (269–271)

7. Everyonein the nation has freedom from expensive and

burdensomegovernment regulations. (271–72)

8. Everyonein the nation has freedom from demands for

bribes. (272–75)

9. Everyonein the nation has freedom to work in whatever

job he orshe chooses. (275–77)

10. Everyworker in the nation has freedom to be rewarded

for his orher work at a level that motivates good job

performance.(277–78)

11. Everyemployer has freedom to hire and fire employees

based on jobperformance and changing business cycles.

(278–79)

12. Everyemployer in the nation has freedom to hire and

promoteemployees based on merit, regardless of family

connectionsor personal relationships. (279–80)

13. Everyonein the nation has freedom to use the earth’s

resourceswisely, and particularly to utilize any type of

energyresource. (280–84)

14. Everyonein the nation has freedom to change and

adopt newer,more effective means of work and production.

(284–85)

15. Everyonein the nation has freedom to access useful

knowledge,inventions, and technological developments.

(285–91)

16. Everyonein the nation has freedom to be educated.

(291–92)

17. Everywoman in the nation has the same educational,

economic,and political freedoms as men. (292–93)

18. Everyonein the nation, from every national, religious,

racial, andethnic origin, has the same educational, economic,

andpolitical freedoms as those from other backgrounds.

(294–97)

19. Everyonein the nation has freedom to move upward in

social andeconomic status. (297–300)

20. Everyonein the nation has freedom to become wealthy

by legalmeans. (301–7)

21. Everyonein the nation has freedom to practice any

religion(307)

 

 

D. The Nation’s Values (details in chapter 9)

1. Thesociety in general believes that there is a God who

will holdall people accountable for their actions. (318–19)

2. Thesociety in general believes that God approves of

severalcharacter traits related to work and productivity.

(319–22)

3. Thesociety in general values truthfulness. (322–24)

4. Thesociety in general respects private ownership of

property.(324–26)

5. Thesociety in general gives honor to several other moral

values. (326–29)

6. Thesociety in general believes that there are both good

and evil inevery human heart. (329–30)

7. Thesociety in general believes that individuals are responsible

for their actions.(330–31)

8. Thesociety in general highly values individual freedom.

(331–32)

9. Thesociety in general opposes discrimination against

people onthe basis of race, gender, or religion. (332)

10. Thesociety in general honors marriage between one

man and onewoman. (333–34)

11. Thesociety in general values permanency of marriage

and has alow divorce rate. (334–35)

12. Thesociety in general believes that human beings

are moreimportant than all other creatures on the earth.

(335–36)

13. Thesociety in general believes that the earth is here for

the use andbenefit of human beings. (336–37)

14. Thesociety in general believes that economic development

is a goodthing and shows the excellence of the earth.

(337–38)

15. Thesociety in general believes that the earth’s resources

will neverbe exhausted. (339–40)

16. Thesociety in general believes that the earth is orderly

and subjectto rational investigation. (340–41)

17. Thesociety in general believes that the earth is a place

ofopportunity. (341)

18. Thesociety in general believes that time is linear and

thereforethere is hope for improvement in the lives of human

beings andnations. (341–42)

19. Thesociety in general believes that time is a valuable

resource andshould be used wisely. (342–43)

20. Thesociety in general manifests a widespread desire

to improveon life, to do better, to innovate, and to become

moreproductive. (343–44)

21. Thesociety in general is open to change, and people

thereforework to solve problems and make things better.

(344–45)

22. Thesociety in general gives honor to productive work.

(345–48)

23. Thesociety in general gives honor to economically

productivepeople, companies, inventions, and careers.

(348–50)

24. Thesociety’s business owners and workers in general

view theircompanies primarily as means of providing

customerswith things of value, for which they will then be

paidaccording to that value. (350–51)

25. Thesociety in general places a high value on savings in

contrast tospending. (351)

26. Thesociety in general believes that mutual gains come

fromvoluntary exchanges, and therefore a business deal

is “good” ifit brings benefits to both buyer and seller.

(351–53)

27. Thesociety in general values knowledge from any

source andmakes it widely available. (353–54)

28. Thesociety in general values a highly trained workforce.

(354–55)

29. Thesociety in general assumes that there must be a

rationalbasis for knowledge and recognized channels for

spreadingand testing knowledge. (355–56)

30. Thesociety in general demonstrates a humble willingness

to learnfrom other people, other nations, and members

of otherreligions. (356–57)

31. Thesociety in general believes that the purpose of

governmentis to serve the nation and bring benefit to the

people as awhole. (358–59)

32. Thesociety in general believes that government should

punish eviland promote good. (359)

33. Thesociety in general values patriotism and reinforces

a sharedsense of national identity and purpose. (359–64)

34. Thesociety in general counts family, friends, and joy in

life as moreimportant than material wealth. (364–66)

35. Thesociety in general counts spiritual well-being and

arelationship with God as more important than material

wealth. (366–67)

Source:

Wayne Grudem - The Poverty of Nations


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