Wednesday, 12 January 2011

Are you free?

I see that the latest Index of Economic Freedom has come out.

The UK stands at number 16 in terms of economic freedom with a score of 74.5, down 2.0 points since last year.

Out of 183 countries only 13 show a larger drop in economic freedom in the previous twelve months than does the UK. At least our score is better than that of Zimbabwe at 22.1, never mind poor old North Korea with a mighty score of 1.0.

The figures show that there is a positive correlation between economic freedom and economic prosperity. They also show that higher government expenditure is correlated with lower economic growth.

This would seem to indicate that an independent Scotland would be strongly advised to emulate country number 1. After all, it was created by a Scot.

1 comment:

David Farrer said...

Comment made on previous template:

Colin Finlay
As any Hong Kong Chinese who lived during British colonial times would tell us, economic freedom means much more to Chinese people, the transmitters of world's oldest continuous culture, than the societally recent Western freedom to vote.  
 A Left - willed, enforced Occidental - style democracy is simply two wolves and a sheep voting on what's for dinner - as long as, nowadays, the sheep wins.

27 January 2011, 07:40:49 GMT