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Archive for January 12th, 2012

The 2012 Index of Economic Freedom has just been released. This is my favorite publication from the Heritage Foundation, and second only to the Economic Freedom of the World Index as a measure of global public policy.

The news scores for 2012 are not pretty. We have bad news, we have worse news, and we have worst news.

Economic Freedom Declines in America

The bad news is that the score for the United States dropped from 77.8 to 76.3, which caused America to drop from 9th place to 10th place in the global rankings.

The worse news is that the U.S. dropped only one spot because other nations also adopted more statist policies. America would be in 12th place if Denmark and Bahrain simply maintained their positions from last year.

The worst news is that America’s decline is not just a one-year phenomenon. The chart shows how the U.S. has dropped from being a “free” nation to being a “mostly free” nation over a four-year period.

But it’s not just the past couple of years. The second chart, using data from the Economic Freedom of the World Index, shows that the United States has declined over the past 11 years thanks to Bush-Obama statism.

In other words, America is paying a real prices for bad government policy. As jurisdictions such as Hong Kong and Singapore continue to liberalize their economies and maintain high levels of economic freedom, jobs and investment will leave the United States in search of friendlier policy.

The only silver lining to this dark cloud is that other major economies – especially in Europe – are deteriorating at a faster rate. So America will benefit from flight capital in the short run even though our long-run prospects are equally dismal.

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I hope my car doesn’t break down anytime soon. I’ve already sworn I will never buy a car from General Motors or Chrysler, and now I have to add Mercedes-Benz to my personal boycott list.

Mercedes Spokesman Glorifies Totalitarian Murderer

Maybe I’m being naively dogmatic, but I refuse to patronize a company that uses a mass murdering communist and racist like Che Guevera as a marketing ploy.

It’s not like I would ever spend a lot of money for a car anyhow, but even if somebody deposits $10 million in my bank account, you can rest assured that I won’t be cruising around town in the MB Guevera C230, the MB Hitler E350, or the MB Mao GL450.

Michael Gonzalez of the Heritage Foundation says it much better than I can.

There’s something about Che Guevara that convinces older European men that they will become cooler through association with his “brand.” We saw that again yesterday when Mercedes-Benz Chairman Dieter Zetsche launched a new car under a banner picture of Guevara. …Che Guevara, not to put too fine a point on it, was a psychopath whose sadistic lust for blood was not easily quenched. He killed for pleasure. He had, moreover, little time for youthful rebellion and none at all for individualism. Lastly, Che Guevara was a racist who specifically held blacks in contempt. I think about this often when I see deluded young African-Americans wearing a t-shirt with his likeness. But a German born a handful of years after 1945 really ought to have known better. Much has been written about how Guevara executed men and boys in prison in the early revolutionary years in Cuba, disposing of such bourgeois niceties as trials. …Speaking of blacks he said: “The ***** is indolent and lazy, and spends his money on frivolities, whereas the European is forward-looking, organized and intelligent.” Yes, quite a model that Che Guevara. You’d buy a car from him, wouldn’t you? What will Mercedes-Benz come up with next? The Baader-Mienhof super coupe?

Almost exactly one year ago, the Baltimore Symphony used the Hammer and Sickle emblem of the Soviet Union to promote an event. That was disgusting, but at least the event involved the work of a Soviet-era composer.

Mercedes-Benz, by contrast, is using the image Che Guevera because the amoral executives of the company think this will help sell cars to an amoral public.

Please don’t buy anything from a company with that cavalier attitude about human decency.

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