Tuesday, January 26, 2010

The Index of Economic Freedom on Britain

The Mostly Free Anglo-American Alliance, Heritage Foundation Foundry, January 26, 2010. "The 2010 edition of the Index of Economic Freedom poses a frightening paradox. Around the world, the economically freest countries are, by and large, those with a British legacy. Indeed, the top five – Hong Kong, Singapore, Australia, New Zealand, and Ireland – were either founded or influenced by the British. Of the top ten states, only Denmark, Switzerland, and Chile were not, at one point, governed from London. The lesson should be clear: economic freedom, born of the thought of Adam Smith and David Ricardo, spread round the world with the English-speaking people, to the immense benefit of both their children and those who learned from them. And yet the two most important English-speaking countries today are sliding backwards."

No comments: