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Our Freedoms are Slipping Away January 10, 2013 8:15 AM | Tagged as Freedom Heritage Foundation
WSJ 1/10/13, Page A17: In the Index of Economic Freedom, Liberalization Slips By Terry Miller
Each year in January, the Heritage Foundation a conservative think tank and the WSJ produce a detailed assessment of economic freedom throughout the countries of the world. Each country is ranked, from first to last, and comments provided by the scholars on why each country got its particular score. An overall score for the world is also provided.
When the Biz Bucks Guy first started consulting, this Index overall showed an increase for several years. The Soviet bloc was gone. Much of Europe had awakened with help from the likes of Margaret Thatcher and Ronald Reagan. The Berlin Wall was an afterthought. Freedom in Asia was on the rise.
It was a glorious time for this capitalist. Capitalism builds well being with the common person more than any other economic system ever devised. The world was becoming a safer place, as countries began to cooperatively expand free trade amongst themselves.
Then something went wrong. We forgot what makes us great.
The trend has reversed. In fact, along with Ireland, the US is only one of two nations whose economic freedom has dropped each year for the past five years. We are losing so much as we allow our so-called leaders to lead us down the socialist path. How's it working out for you, so far?
[By the way, liberalization in the title of this article is the world’s definition. It means conservativism in the US.]
Posted in MacroEconomics, Trade | 0 Replies
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