A free market economy is an economy where most means of production are privatized and guided and where income is distributed largely through the operation of the market. To many people, it is seen as ultimate freedom and true economic liberty. Others, however, think that it is corrupt. Ayn Rand, the author of the novella Anthem, strongly believed that in order to have a progressive and stable economy, a country must have a free market. This belief is supported by the history of many post-communist countries. The Russian federation is one of the most well known post-communist countries. This is because once a free market was introduced, the countries scientists and scholars had a chance to develop innovations and advance society. With the freedoms …show more content…
They are the world's 7th largest exporter of merchandise trade and its 14th largest exporter of commercial services. This territory of China makes sure to keep its status by implementing laws that protect property rights. In addition to a free market and fiscal discipline, Hong Kong continues to boast their global hub. However, none of this would be possible without the freedom of choice. This can be shown in Anthem, where citizens cannot even choose their occupations, for that is the job of the Council of Vocations. Once citizens leave the House of Students it is up to the Council of Vocations to decide where they will work and live. This fact is known to all citizens since childhood. Even Equality’s teachers tell him and his class to “dare not choose in your minds the work you would like to do when you leave the Home of Students. You shall do that which the Council of Vocations shall prescribe to you,” as well as, “the council of vocations knows in its great wisdom where you are needed by your brother men, better than you know it in your unworthy little minds. And if you are not needed by your brother men, there is no reason for you to burden the earth with your bodies” (22). This system is most likely put in place to make sure there is not a surplus nor deficient of certain professions, as well as to make sure that every citizen is serving a purpose since it is clearly seen in …show more content…
Built on the principle of freedom, this country has had a free market economy since its creation. After Equality escapes his society he learns about ideas like this and their history. He tells the reader
“At first, man was enslaved by the gods. But he broke their chains. Then he was enslaved by the kings. But he broke their chains. He was enslaved by his birth, by his kin, by his race. But he broke their chains. He declared to all his brothers that a man has rights which neither god nor king nor other men can take away from him, no matter what their number, for his is the right of man, and there is no right on earth above this right”(101-102).
In this quote, Equality tells the reader the story of man. He explains how they had been enslaved by one higher power to another but finally become fully free. He references the right of man, which is similar to what is described as Undeniable Rights in the American Declaration of Independence. Thomas Jefferson describes these rights as “Life, Liberty, and the pursuit of happiness”. The economy that Americans have built off these rights is a strong one. With a $17.4 trillion and 2.2% 5-year compound annual growth as well as an FDI inflow of $92.4 billion, the country is one of the freest countries on the 2016 Index of Economic Freedom. This, as well as the history of Russia and Hong Kong, proves Ayn Rand's philosophy correct. It proves