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March 11, 2005

'Hail Estonia!' — Rated #4 in the world in the 2005 Index of Economic Freedom

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Truly amazing, what can happen when government backs off.

Buried in the Soviet system after World War II, Estonia essentially ceased to exist until the Communist world collapsed.

Now, in little more than a decade, Estonia is behind only Hong Kong, Singapore, and Luxembourg in the degree of freedom, transparency, and fairness in its business sector.

Surprising, at least to me, is that the U.S. only comes in tied for twelfth, falling from fifth in 1998, just six years ago.

Also amazing to me is that Venezuela, once one of the richest countries in the world, is today in the bottom group of "repressed" countries, along with Haiti, Cuba, and Zimbabwe.

The list has been created for the past eleven years by the Heritage Foundation and the Wall Street Journal.

March 11, 2005 at 03:29 PM | Permalink


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