Economic freedom is the key to creating a favorable environment for businesses to thrive. The rankings of economic freedom indexes such as the Dream Business Index and the Fraser Economic Freedom Index serve as a useful measure of economic freedom across the world.
The speaker discusses how simplifying labor laws and tax codes can create a friendlier environment for businesses to thrive and mentions the idea of a hot sauce.
The economic indexes measuring economic freedom demonstrate that at the end of the day, economic freedom is the answer for any type of society you want to practice.