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.