August Message from AmCham CEO

Economic Freedom in Australia

With many businesses and individuals suffering financial hardships due to COVID-19 restrictions, it’s easy to lose sight of the fact that we are living in the most prosperous time in human history. Wealth, health, and education are on the rise worldwide, due largely to the advance of economic freedom. Economic freedom is a fundamental human right: each individual should have the freedom to control his or her own property and labour. In economically free societies, individuals may work, produce, consume, and invest as they choose. In economically free societies, governments allow labour, capital, and goods to move freely; they do not coerce or constrain business unnecessarily. And when societies guarantee economic freedom, we see greater prosperity, healthier individuals, cleaner environments, human development, democracy, and poverty eradication.

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