What is a key pillar of economic freedom? Secure property rights.
Derek Yonai, Professor of Business at Campbell University, explains how economic freedom can only exist in a society where property rights are secure. By protecting individuals’ ownership of their personal belongings and property, those belongings are then able to be exchanged, creating the foundation of a free-market system.
But on the other hand, if property rights are not protected, economic freedom collapses. Have you witnessed any violations of property rights? Comment with your story!