Clearly, the U.S. is probably in irrevocable decline. What, if any, countries out there are becoming more free politically and economically? I read somewhere that Sweden was originally free market, and this, among other things, is the reason for its wealth and high standard of living. Unfortunately, their prosperity declined because of high taxes and the social welfare state, but they are gradually reversing course to becoming more free market oriented.
Hong Kong, perhaps? Economically, they are extremely free. However in about 40 years they will become fully integrated in the Chinese socialist system, so…
Yeah, I wouldn’t include Hong Kong or Sinapore either. If we exclude the federal government, I think many of the states (Texas, Dakotas, Florida, etc.) would fair well on this type of list.
What about the countries of the BRIC. In one generation the Chinese has increased the freedom from benign neglect more than any other nation in history. In under two generations this country went from the Great Leap Forward to being a somewhat free nation. Brazil and Russia and India through the 70s, 80s and 90s were economic basket cases with runaway inflation. Now they are all major exporters. Granted these countries have a long way to go interms of freedom but all have come a long way in less than two generations.
Russia? i find this hard to believe, i havent ever heard anything good coming out of there. Any sources you care to provide to defend that statement? Or expand on your statements?
malaysia has recently turned over a LOT of government run businesses to private so i would agree.
Honduras has the private/free city. I figure any government that gives up control over an area of land for a privatized city with a vote of 126-1(i think) will be on the rise.
One of these days I am going to move to central america, I am going to take $5000 with me and arrive there on holiday and never leave and see what i can do. Panama has no central bank, definitely a must visit.