The word “abundance” is having a moment right now. In recent years, books, podcasts, and organizations have embraced an abundance movement to improve the planet and the lives of its inhabitants. Across the ideological spectrum, people working in the private sector, government, academia, and journalism are convening to understand that we can get more: more affordable energy, food, and housing, more resilient and reliable infrastructure, and more innovation that spurs technological advancements for the betterment of society and a healthier, safer environment.
Critically, abundance is not synonymous with excess. It’s about access. An abundance agenda seeks to understand and answer the policy questions about how to get more of these necessities faster and to the people who need it most. Policies embedded in economic freedom provide a policy foundation.
The market gives people what the people want instead of what other people think they ought to want. At the bottom of many criticisms of the market economy is really lack of belief in freedom itself.
Milton Friedman, The Wall Street Journal, May 18, 1961