One of my favorite novelists, Mario Vargas Llosa, a truly fascinating character in his own right, has had a lot to say on this subject:
"The free market is the best mechanism in existence for producing riches and, if well complemented with other institutions and uses of democratic culture, launches the material progress of a nation to the spectacular heights with which we are familiar.…
Thus, the liberal I aspire to be considers freedom a core value. Thanks to this freedom, humanity has been able to journey from the primitive cave to the stars and the information revolution, to progress from forms of collectivist and despotic association to representative democracy. The foundations of liberty are private property and the rule of law; this system guarantees the fewest possible forms of injustice, produces the greatest material and cultural progress, most effectively stems violence and provides the greatest respect for human rights. According to this concept of liberalism, freedom is a single, unified concept. Political and economic liberties are as inseparable as the two sides of a medal.…
We dream, as novelists tend to do: a world stripped of fanatics, terrorists and dictators, a world of different cultures, races, creeds and traditions, co-existing in peace thanks to the culture of freedom, in which borders have become bridges that men and women can cross in pursuit of their goals with no other obstacle than their supreme free will.
Then it will not be necessary to talk about freedom because it will be the air that we breathe and because we will all truly be free. Ludwig von Mises’ ideal of a universal culture infused with respect for the law and human rights will have become a reality."
For further discussion of this Nobel Laureate's views, see:
I personally regard this topic of utmost importance:
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