Two troubling questions lurk behind the results of the Fraser Institute’s 2020 Economic Freedom of the World report, released Sept. 10. This year’s report is based on 2018 data (the most recent available). By 2018, global economic freedom had recovered from the 2008 financial crisis and was at its highest level ever, albeit by just…
When opportunities to engage in economic activity are open to all, not just the privileged classes, prosperity and opportunity abound
By Miguel Cervantes and Tanja Porčnik The Fraser Institute While tensions in the Middle East rise daily, there’s still hope for the region to liberalize and grow more prosperous. Economic liberalism in the Persian Gulf region would help unleash the effort and creativity of the whole population – not just a few at the top.…
Economic freedom liberates people from dependence on the powerful so they can build better lives without fear
Is the world losing its taste for freedom as we move further into 2019? Two recent reports confirm the perception that freedom is under attack globally. The Human Freedom Index, a joint project of Canada’s Fraser Institute, U.S.-based Cato Institute and Germany’s Friedrich Naumann Foundation for Freedom, measures freedom on a zero to 10 scale,…
We need a decentralized, innovative and transparent banking system driven by free-market principals
As financial markets around the world erupt, dampening the festive spirit of this time of year, plenty of blame has been passed around. There are some notable geopolitical risks in the Middle East, Ukraine, North Korea, Pakistan and elsewhere. There’s the trade war between China and the United States. There are also signs of slowing global…
Saudi Arabia’s anti-women laws require a swift dose of economic freedom, and they’re not alone
The Canada-Saudi Arabia diplomatic dispute appears to have calmed – for now – but the issue at the heart of the dispute remains. The dispute peaked in August after Foreign Affairs Minister Chrystia Freeland tweeted her support for women’s rights activist Samar Badawi. That prompted Saudi Arabia to pull its students from Canadian colleges and universities…
In societies where economic equality exists, individual liberty is highly restricted. Communism is the perfect example
Equality is one of the hallowed values of the post-Enlightenment west. It's celebrated in the French revolutionary slogan, “Liberty, Equality, Fraternity,” and in the American Declaration of Independence, which asserts that it is “self-evident” that “all men are created equal,” as well as that all men have “inalienable Rights” such as “Liberty.” The Canadian Charter of…
Freedom and democracy are not stand-alone structures. For stability, they require institutional infrastructure, in particular, the rule of law and tolerance
For the first time in decades, basic human freedom is under attack globally. Journalists and opposition leaders are killed in Russia. China’s Communist Party stifles dissent on the mainland while threatening the rule of law in Hong Kong. Tens of thousands are arrested in Turkey on dubious grounds after a failed coup. Venezuela descends into…
Everyday people who want to make money from their homes are opposed by unions protecting their members from competition
“There’s no place for the state in the bedrooms of the nation,” Pierre Trudeau, then justice minister of Canada, famously said in 1967. Fifty years later, this statement is no longer true. People who are straight, gay, transgendered or otherwise can’t necessarily get a room for the night from anyone willing to rent. No, when…
Western values for westerners has a nice ring to it. Let the rest of the world make their own value choices. It sure beats neo-colonial wars in distant lands
In five short months, Donald Trump has turned the world upside down. So what kind of new world order can we expect? Trump has attacked NATO (questioning its very existence), shredded trade agreements like the North American Free Trade Agreement (NAFTA) and the Trans-Pacific Partnership (TPP), and withdrawn the U.S. from the Paris climate change…
Policy developments at the federal level as well as in Ontario and Alberta threaten Canada’s reputation as a bulwark of economic freedom
By Fred McMahon and Ben Eisen The Fraser Institute Canada ranks a remarkable fifth in the world in economic freedom, just behind Hong Kong, Singapore, New Zealand and Switzerland. The “land of the maple leaf” is far ahead of our southern neighbour, supposedly the “land of the free.” The United States ranks 16th out of…