Tuesday, January 15, 2013

2013 Index Of Economic Freedom Released

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In The Index Of Economic Freedom, Liberalization Slips -- Terry Miller, Wall Street Journal

Of advanced economies, only the U.S. and Ireland have seen freedom decline for five straight years.

The foundations of economic freedom are weakening around the world, according to the 2013 Index of Economic Freedom, published today by the Heritage Foundation and The Wall Street Journal. Particularly concerning are the rise of populist "democratic" movements that use the coercive power of government to redistribute income and control economic activity.

In the post-Arab Spring Middle East, some democratically elected governments are adopting totalitarian practices reminiscent of revolutionary Iran or the Taliban. Economic freedom can't flourish under the arbitrary rule of authoritarians and despots, and it has declined significantly in Egypt, Tunisia, Algeria and Saudi Arabia, among other countries.

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My Comment:
The Heritage Foundation's 2013 Index of Economic Freedom can be viewed here.

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