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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (326722)	2/20/2007 10:50:13 PM
From: TimF	Read Replies (1) \| Respond to of 1577188

This is also a reply to Message 23302800 I guess it depends on your criteria for working very well. Generally a high degree of freedom in markets is associated with more wealth and opportunity. The Scandinavian countries are very small, also in some ways they have very free economies. Iceland is ranked #15 in the index of economic freedom. Finland and Sweden aren't far behind. heritage.org heritage.org heritage.org They fall down in the "Freedom from Government" criteria but do well on some other measures such as "Business Freedom" "Property Rights" and "Freedom from Corruption" The criteria are defined here heritage.org In any case they are small countries, and not exactly typical of the relatively socialist countries around the world. -- Even the old Soviet Union under a faux communistic regime produced a great deal of wealth. It was an economic basket case. It produced a lot of wealth in total because it was a large country in both area and population, and it had a lot of resources to exploit, but it strangled initiative and efficient use of those resources slowing economic growth and causing massive environmental damage. The commissars and apparatchiks using the wealth of the nation for their personal use was certainly a drain, as was Afghanistan, but both where small factors compared to the attempt to collective agriculture or producing items according to plans rather then responding to demand through price signals.