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DR. MARK W. HENDRICKSON: HONORING REAGAN’S MEMORY IN THE MOST HONORABLE WAY |
As we pay tribute to Ronald Reagan, we look back at an era when people around the world voted with their feet for capitalism over socialism. Refugees fled from East Germany to West Germany, North Korea to South Korea, and mainland China to Hong Kong—always away from less freedom and prosperity toward greater freedom and prosperity. Human beings still have the same preference and make the same choice today. Sadly, though, today businesses and individuals are leaving the United States in favor of less economically oppressive locations.
A great president whose understanding of the superiority of the private-property order over socialism contributed so much to freedom and prosperity, both at home and abroad, in the aftermath of the Cold War. Yet the economic understanding that was one of the key pillars of Reagan’s philosophy and policies remains largely unknown today.
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