I only share long videos when they satisfy key criteria, such as being very informative and very educational. This video from Arthur Brooks is both.
What I like most is that he does a very good job of showing that concern for the disadvantaged is the most important reason to support free markets and limited government. And he does this by exploring some very interesting and challenging topics, such as Denmark’s unusual mix of free markets and a welfare state (I’ve referred to that country’s public policy as a combination of Dr. Jekyll and Mr. Hyde).
But I want to focus on his discussion of India’s partial economic liberalization. We’ll start by perusing the most-recent edition of Economic Freedom of the World to confirm that there was a significant increase in economic liberty during the 1990s. But it’s also important to stress that India’s partial economic liberalization was…well, partial. India is currently ranked #108 for economic freedom, which is mediocre at best, and it does especially poorly in areas such as regulation and trade.
The good news is that the country’s policies are not as bad as Venezuela’s. The bad news, though, is that it’s also nowhere close to being as good as Singapore...........It would be great if poverty could fall much faster, but the current government doesn’t seem to have any interest in the policies that would make that happen.........To Read More....
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