I want to share this with you. I think that this video put together by the Ludwig von Mises Institute shows the importance and connection between liberty and economics. In the world of ideas it is important to convey people that free markets is the only way to achieve economic growth. Socialism is meant to fail. Socialism cannot use economic calculation as a tool to benefit society. Socialism denies freedom and kills society.
Ecuador’s President, Daniel Noboa, called the electorate to the ballots on a National Referendum. The eleven questions established for this political process were in two main fields: security and labor market reforms. The Referendum took place on April 21, 2024. The official results of the National Referendum are that in 9 out 11 yes-no-questions the Ecuador’s electorate gave the option of Yes a majoritarian support to the Administration’s plans. However, two questions the support leaned towards No; those questions main focus was on reforms to labor and foreign investment. The following graph show the results of the Referendum. Graph 1 Results of the National Referendum Source: CNE (National Electorate Council for it acronym in Spanish) In the graphs, question D (3) stated that: Do you agree that the Ecuadorian State should recognize international arbitration as a method for resolving disputes in investment, contractual, or commercial matte...
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