Political actors can direct spending towards privileged parties.
A permanent responsibility of the prime minister of Canada is to avoid dust-ups between its two founding peoples.
Why is economic freedom important? Is it intrinsically valuable or is it valuable because of the outcomes it produces?
Wealth is often earned in ways that actually benefit others.
The Fraser Institute's Economic Freedom of the World Report has ranked Venezuela dead last for the past four years.
From Plato to Tolkien to Acton, we’ve been told that power corrupts, and that its appeal is especially strong to those already prone to corruption.
To optimists, the arrest in Mexico this week of the world's most wanted drug lord, Joaquin El Chapo Guzman, and Mexicos bloody drug war generally, are proof that the Mexican government is standing up to the cartels. But pessimists look at Mexico and see a failing state on Americas border.
More than 80,000 people have been killed in Mexicos brutal conflict, with the victims beheaded, shot, tortured and worse. Civil authorities regularly quit or join up with the warlords, and entire towns have been depopulated as government forces and warlords vie for control.
"Travel", said Francis Bacon, "is part of education for the young and a part of experience for those who are older." But there is an additional benefit from a journey outside of one's own borders: a reminder of why certain places function better than others.
In a recent trip to Hong Kong, I met with a plethora of civil servants, some politicians and a few business people, all with an obvious interest in the future of that territory. My purpose was simple: to get a sense of how that territory has held up in the face of massive change occurring in China proper.