You can't have prosperity without freedom. What you're describing is a sure path to slavery; which is inescapable poverty.
The minute you lose all bargaining power, you become a slave.
Employees of corporations who think that less freedom leads to more prosperity may feel protected now but the minute that your master no longer needs your support, you will become one of the victims.
In all of history, people who live in free countries have always had the upper hand over those who live in oppressed countries.
If your country becomes an oppressed country, many of the rich people (the best among them) will leave and they will bring their money along with them to a free country. Most rich people don't want to live in an oppressed country. They simply don't like to see misery. I'm betting on island nations with relatively small populations.
They work very hard and they get relatively little for it. I wouldn't call that prosperity yet. Their stock index (SSE Composite Index) hasn't grown at all since 2009. Their GDP growth has been slowing, especially when you consider that they constantly devaluate their own currency (the inflation should make their growth numbers look bigger).
You can point to nice modern cities like Shanghai and assume that China is prosperous, but you can do the same with Pyongyang and assume that North Korea is prosperous.
Besides that, they seem to have been getting freer over time until about 2009 (compared to what they had before)... 2009 is also when the GDP growth rate started to fall.
The minute you lose all bargaining power, you become a slave.
Employees of corporations who think that less freedom leads to more prosperity may feel protected now but the minute that your master no longer needs your support, you will become one of the victims.
In all of history, people who live in free countries have always had the upper hand over those who live in oppressed countries.
If your country becomes an oppressed country, many of the rich people (the best among them) will leave and they will bring their money along with them to a free country. Most rich people don't want to live in an oppressed country. They simply don't like to see misery. I'm betting on island nations with relatively small populations.