ormation flows, which is an important element of the market economy. Second, “freedom requires markets”. Professor Lee emphasizes that privatization protects individual freedom. In this context he mentions for an important example that we might experience in everyday life, “the pollution problems.” These are real problems in our world today, especially in the over populated cities and countries such as Mexico City and Cairo. He points out that these problems are exaggerated because privatization does not evolve to solve this problem. If some markets constructed, (polluters would have to pay a price that reflected that cost their emissions imposed on others).The reader of this article might agree with Professor Lee’s argument to some extent. Emphasizing the freedom more than the wealth and good health is true. As a case in point, some of the rich oil producer in Arab countries enjoyed...
