by Dan Mitchell | May 21, 2023 | Blogs, Economics, Free Market
A few days ago, I shared a clip about capitalism and big business from a recent speech in Poland. Here’s something else I said, in this case about whether free markets can produce more prosperity for everyone. The answer, of course, is that capitalist societies...
by Dan Mitchell | May 8, 2023 | Blogs, Free Market
For a few decades, Chile was very interesting for fans of free markets. The country became famous for its system of personal retirement accounts, but there were many other reforms that liberalized the economy. Everything from free...
by Dan Mitchell | Apr 6, 2023 | Blogs, Free Market
Governments oftentimes are spectacularly incompetent. And when that happens, it creates an opening for the private sector to step up in rather unexpected ways. I’ve even created a semi-serious, semi-satirical series to commemorate these examples....
by Dan Mitchell | Mar 14, 2023 | Blogs, Economics, Free Market
The world’s freest economy is Singapore, followed closely by Switzerland. That’s according to the 2023 edition of the Heritage Foundation’s Index of Economic Freedom. The bad news is that there are only four nation that enjoy “free” economies....
by Dan Mitchell | Mar 13, 2023 | Blogs, Economics, Free Market, Socialism
Back in 2011, I shared a chart comparing economic growth in Chile, Argentina, and Venezuela between 1980 and 2008. My simple goal was to show that market-oriented nations enjoy very fast growth compared to nations with “mixed economies or socialist...
