The path to economic prosperity which we have decided to call high income, will only be achieved if we begin to make a concerted effort to promote limited- or small-government, free enterprise and individual liberty. Small government in particular means that the government must increasingly focus on providing goods and services that only the government should provide. In a classical sense, we are talking about security, justice and national defence. The rest of the stuff that the government does would either have to be farmed out to the private sector or discontinued altogether. Even support to the indigent should be done effectively by contracting out payment of welfare benefits to the private sector instead of having expensive bureaucracies dedicated to the provision of such services.
There's more to this story
But to keep reading, we need you to subscribe.
Investigative journalism is an indispensable part of a healthy society, but it's also expensive to produce. We are reliant on subscriptions to fund our work, and while you can enjoy most of our stories for free, a small number of premium features are reserved for subscribers.
You can subscribe for one week, a month or a full year - the choice is yours.
Save 77% on an annual subscription. Click here to find out how.
Existing subscribers can log in to keep reading here.
