When governments limit economic freedom, citizens find it harder to buy and sell what they want.
Blog - Fraser Forum
The success of any economy hinges on its institutions including its laws and regulations.
When more resources are controlled by politicians and the bureaucracy, there's more favouritism and discrimination.
Politicians and bureaucrats in Canada are rarely affected if the claimed benefits of government initiatives fail to materialize.
With no carrots in the form of market incentives, socialist leaders deployed a terrifying array of sticks.
The average Singaporean earns about 30 per cent more than the average American.
Those who live in the freest jurisdictions in the world earn more than three times as much as those in the least-free.
The Economic Freedom of the World index has grown to cover several dozen indicators in 165 countries.
The country deregulated markets in the 1990s, privatized state-owned companies, cut spending and reduced taxes.