With the eruption of ISIS in the Middle East and the ongoing autocracies in Russia and China, pause for a moment and think back to the last century and compare the challenges back then to now.
economic freedom
The level of economic freedom in any given country is the product of fights between two types of politicians.
The United States continues to suffer from a historically weak economic recovery. Monthly GDP and employment numbers remain near anemic. From a historical perspective the economy should be roaring by now given the pronounced contraction in 2008.
It’s just a matter of time before the Eurozone is yet again bombarded by Greek fiscal fire. Every few days or weeks, Greece roots around, looking under the couch cushions for spare change, this to make its next round of debt payments.
In a recent column from a Toronto journalist on communism and capitalism, the writer made an astonishing claim: While “millions have been the tragic victims of communism,” he wrote, “that number pales, surely, in comparison with the victims of capitalism.”
The pre-Christmas announcement by President Obama that the United States would re-establish diplomatic relations with Cuba will reignite a number of debates. One will be about the cause of Cuban poverty over the past 56 years.
This year’s Economic Freedom of North America 2014 (EFNA) report shows that, once again, while we are the United States, our states have bigger differences than climate, seasons and terrain.