Wednesday, January 26, 2011

A Free and Prosperous Canada

We are near the top of the Economic freedom Index. Only 5 countries are freer and with out new corporate tax cuts , we will move up even higher on that list. There are many more things that HM Government should do to make us more free in economic and other ways !. defang the hrc censors or better yet get rid the hrcs altogether 2. rid of us of the crtc 3. more personal income tax cuts, a flat tax would be nice. 3. cut the size of government. The more bureaucrats the more regulations and the less freedom. Petty bureaucrats like to control and they must be prevented from doing this. The best way to do that is to get rid of them. 5.balance the budget so capital can go to the free market 6. the Tyranny of Nice should be torn down. Things like the Canadian broadcast standards council is just another censor. Let's be less easily offended and more interested in freedom. 7. adopt the Portuguese solution for dealing with drug abuse. These are a few of my suggestions. What are yours?

Canada, one of the freest (markets) at last

The end of capitalism? Not quite. Not yet. Not here.

Indeed, the Heritage Foundation-Wall Street Journal’s Index of Economic Freedom 2011 says Canada has edged upward in capitalist sentiment and free-market rights in the past couple of years, thereby earning an elite ranking as a “free economy.” In the entire world, only six economies qualify (by scoring 80 points or more on a scale of 1-to-100) for this distinction: Hong Kong (89.7), Singapore (87.20), Australia (82.5), New Zealand 82.3), Switzerland (81.9) and Canada (80.8). Free at last.

Although no other countries except these are designated as truly “free,” Index 2011 notes that capitalism bounced back around the globe last year, reversing two years of decline amid the wrenching market meltdown of 2008-09. Index 2011 reports higher scores in Eastern Europe, Asia and, perhaps most remarkably, Africa. On the same 1-to-100 scale (with one measuring economic freedom in North Korea), three sub-Saharan countries now place higher than China (score: 52.0; rank 135th) and Russia (score: 50.5; rank 143rd) in this 183-country assessment. The sub-Saharan trend setters: the 10-island country of Cape Verde (score: 64.6, up 2.8 points in the past year; rank: 65th), Rwanda (score: 62.7, up 3.6 points; rank: 75th) and Djibouti (score: 54.5, up 3.4 points; rank: 125th). By way of comparison, France ranks 64th (score: 64.6), one slot ahead of Cape Verde; Italy trails in 87th place (score: 60.3).

Index 2011 distributes points on the basis of 10 components of economic freedom, including such things as government spending, competitiveness, openness, property rights and the rule of law. In Index 1995, the inaugural year, the global average score was 57.1. By Index 2007, the global average had risen to 60.2 – the highest score ever. By Index 2008, it had slipped to 59.4. By Index 2011, it had risen back to 59.7 – only 0.5 points from the pinnacle of pre-crash free-market enthusiasm.


Anonymous said...

“Let's be less easily offended”

Progressives are easily offended but their solution to that isn’t to weigh the options and adapt; instead their solution is a Natural Governing Party where there is no dissent.

Librano$ have always tried to project that dissent is “un-Canadian” and that dissent is mean spirited. When in fact, it is “un-Canadian” not to have dissent. Dissent allows for individuality to trump collectivism/authoritarianism, which calls for a comment about overall freedom and economic freedom.

It’s a bit hard to swallow that Singapore is 87 and Canada is 80 on the economic freedom scale. At some point overall freedom and economic freedom intersect. Most people, given a choice on freedom, would choose Canada over Singapore.


Thierry Giasson said...

Hello Mr. Eappen,

The Research Lab on Political Communication (GRCP) will soon be launching a wide scale study on the Canadian political blogosphere and its participants. We would like you to participate. As the investigation will be conducted online, we need an email address to send you our official invitation and survey url. If you are interested in participating to this innovative project that will provide the first profile of Canadian political bloggers, please contact us at by February 1st.

Looking forward to your reply

Thierry Giasson
Lead Investigator

Anonymous said...

nomdeblog. you are correct. i would not want singapore's political freedom. old white guy.

I Support Lord Black