Economic freedom

[davonz]

For anyone who is interested the Fraser Institute in Canada has just released it 2010 economic freedom report..

http://www.freetheworld.com/release.html

Their definition of economic freedom is: Individuals have economic freedom when property they acquire without the use of force, fraud, or theft is protected from physical invasions by others and they are free to use, exchange, or give their property as long as their actions do not violate the identical rights of others. An index of economic freedom should measure the extent to which rightly acquired property is protected and individuals are engaged in voluntary transactions.

What is interesting is that chile is number 5 out of the 141 countries..

Worst 5:
Zimbabwe 141
Myanmar 140
Angola 139
Venezuela 138
Congo, Republic of 137

Top 5:
Chile 5
Switzerland 4
New Zealand 3
Singapore 2
Hong Kong 1

South America:
Peru 32
Uruguay 62
Paraguay 86
Colombia 101
Brazil 102
Bolivia 104
Ecuador 109
Argentina 114
Venezuela 138

 

[gouchobob]

Not surprised at Argentina's poor showing. I don't think this will change with the current government. Perhaps things will improve after the next elections but I wouldn't hold my breath.

 

[Bajo_cero2]

Right perhaps the radicales win again and they do another corralito, the we got Zimbawe´s position.

 

[erocifeller]

Just a heads up ... The Fraser Institute is a hard-core neo-conservative 'think'-tank and consistently publishes 'studies' alongside deep political agendas ... Take everything they publish with a grain of salt.

 

[French jurist]

Just a heads up ... The Fraser Institute is a hard-core neo-conservative 'think'-tank and consistently publishes 'studies' alongside deep political agendas ... Take everything they publish with a grain of salt.

Indeed. A bit of regulation doesn't hurt, at least for not having to pay for the banks mistakes (privatizing the profits, mutualizing the risks... talk about liberalism ). Anyway, if the crisis is not over (W shaped), the next ones to go bankrupt are the nations themselves... And that's not funny

 

[gouchobob]

Just a heads up ... The Fraser Institute is a hard-core neo-conservative 'think'-tank and consistently publishes 'studies' alongside deep political agendas ... Take everything they publish with a grain of salt.

Regardless of the source it still probably an accurate assessment of the situation in Argentina.

 

[Bajo_cero2]

Indeed. A bit of regulation doesn't hurt, at least for not having to pay for the banks mistakes (privatizing the profits, mutualizing the risks... talk about liberalism ). Anyway, if the crisis is not over (W shaped), the next ones to go bankrupt are the nations themselves... And that's not funny

Well, I call this crisis the argentinization of the wold. In fact our country was on bankrupt on 2001, 1989 and every 10 years more or less.

As soon as we have survived all these crisis I can assert that the worldwide crisis is just beginning, specially in the US.
They are just printing money to deal with the crisis, the same happend here in 1989, we had hiper inflación.

But they are still spending too much in the wars. The accounts of a country aren´t different from the accounts of a home, you spend more that you earn, you go to bankruptcy.

And the freedom for buying goods in the US only made china strong. You know, economy schools are like religion, they are whatever but not science. Freedom sounds nice but regulation protects the economy from competitors who polutes, have slave manpower, etc, etc.

Why do you think that this city is more and more expensive in dollars? Because the dollar lose its value as fast as they print more of them.

And there is a big difference. Here we had the corralito and people got they money after a couple of years. Everybody is going to have a retirement insurance. In the US, people invest different (they don´t have experience dealing with crisis), on stocks, so they lost their money, that´s it. Retired people who had their money on stocks now have no money. What about foreclosure? Here by law they forbidden them for a couple of years. There, well, you know.

So, lucky us we don´t have so much freedom.

We have more experience dealing with crisis, that´s why the economy is growing when the world is in crisis. Like we have more experience, policy makers (CFK) don´t takes seriously any conservative free market think tank, in fact, they do exactly the opposite always, and works better.
Regards