I've noted before that the Heritage Foundation ranks Hong King and Singapore #1 and #2 in economic freedom and pointed out that for Hong Kong, this means that economic freedom does not imply political freedom. I also pointed out that 6 of the top ten countries are modern welfare states and that contradicts the standard conservative argument that socialism reduces economic freedom.
Thanx to Matt Yglesias, I can now add Singapore to list of welfare states that have a high economic freedom rank. Singapore has a mandatory government run program for retirement savings called the Central Provident Fund , which is an enhanced version of our own Social Security, Medicare and Medicaid programs.
Thursday, March 10, 2011
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