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PROSPERITY

Low taxation and free trade drive the creation of jobs, new technologies and wealth. This increasing wealth is enabling more and more nations to afford better healthcare and richer leisure opportunities. Government has a role in stopping anti-competitive behaviours and in protecting the weak from the excesses of market capitalism. But one of the greatest threats to contemporary capitalism is the way that it and the sixties socialist state undermine the qualities of hard work, self-restraint and thrift that all economic progress depends upon.

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Three level briefing

The world turned to free enterprise after big state economics failed

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The most dynamic economies combine rewards for hard work and ingenuity with competition between entrepreneurs and companies

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Government has a vital role in promoting a stable macroeconomic environment and preventing market abuses

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Low tax economies usually create more jobs and wealth than high tax economies

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Britain, the world's fourth largest economy, can flourish outside of the sclerotic eurozone

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Free trade is good for the British economy and for the developing world

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Economic and social liberalism are ill-matched because of prosperity's need for strong families and ethics

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