FMF NEWSLETTER 28 SEPTEMBER 2017
Dear friend of the FMF
In this week’s feature article, Richard Grant examines the latest data in the 2017 Economic Freedom of the World Index (EFW). The EFW report is based on five broad areas: 1) Size of Government; 2) Legal System and Property Rights; 3) Sound Money; 4) Freedom to Trade Internationally; 5) Regulation. The report is compiled from sources which include the World Bank, International Monetary Fund, World Economic Forum, and the United Nations National Accounts. The 2017 report includes a new measure, the Gender Inequality Index. Countries which rank higher on the index (i.e. enjoy more freedom in various aspects) perform demonstrably better economically than those with more government control. Thirteen African countries and various former Communist countries now rank higher than South Africa – their willingness to free their people has seen a real increase in quality of life in those countries.
FEATURE article
Thirteen African countries now rank higher than South Africa in economic freedom – RICHARD GRANT
For each resident of a society, increased uncertainty about the social and political constraints under which one lives will reduce one’s ability to make wise choices in the present and to plan for the future. When a government increases its role in the lives of those who live within its jurisdiction, the complexity of the government’s structure and its relationship with its residents will also increase. Some elements of that relationship might reduce uncertainty in several aspects of life. This is both true and beneficial when the government limits itself to the application of the rule of law in the protection of its citizens’ lives, liberty, and property. But when a government’s role grows beyond what is necessary to protect these essentials, the overall effect is increasingly to limit freedom of action and to impose greater uncertainty on a citizen’s pursuit of a livelihood.
Yes – introduce radical economic transformation in labour policy and help 9 million unemployed
Wednesday, 25 October (non-FMF event) Agbiz information day, Paarl, Western Cape | Current challenges in policy and legislation environment and opportunities in the agribusiness sector. RSVP before 25 September 2017 by clicking HERE
27-29 October Libsem Wakkerstroom (non-FMF event) This year’s libertarian seminar will be held at Papillon in Wakkerstroom from 27-29 October. The registration which includes 3 lunches, teas and coffees is R450 per person. For more information, please contact Frances Kendall on fkendall@icloud.com
Saturday, 4 November The Impumelelo Social Innovations Centre Award presentation in Cape Town @ Artscape Opera House, Cape Town – RSVP http://www.freemarketfoundation.com/View-Event?i=159
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Lord Acton on the meaning of freedom The political and economics mystiques of state power Is a universal basic income the answer to rampant automation?
Media release Good news: SA’s economic freedom slightly improved
Media digest AUGUST 2017 for all media coverage
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Eustace Davie – Imagine living in constant fear of losing your home (UPDATED) Temba A Nolutshungu – Time for South Africans to live and let live Temba A Nolutshungu – Statist ideologies vs Individual sovereignty Russell Lamberti – South Africa: failing economy and life after the downgrade Jasson Urbach & Johann Serfontein – NHI pie in the sky Martyn Davies and Leon Louw – The secret of China’s success: innovation and entrepreneurship South Africa: The Solution (1987) Twin Peaks - how Treasury will cost SA an additional R4,8bn per year FMF – A constitution worth fighting for (1996) Leon Louw – Radical Economic Transformation Rex van Schalkwyk – Rule of Law 1 of 2 – What it is not Rex van Schalkwyk – Rule of Law 2 of 2 – What it is
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Publish date: 28 September 2017 Views: 91
The views expressed in the article are the author’s and are not necessarily shared by the members of the Foundation.