The Tax Foundation released its 2018 International Tax Competitiveness Index, which you can download here.
Brazil elected Bolsonaro as its new president. What does the future of freedom in the country look like?
Jair Bolsonaro, a nostalgic of the military dictatorship, elected this Sunday 28th president of the biggest Latin American nation, promised to "change the destiny of Brazil", after an aggressive campaign that exposed the resentments of the majority of the population against the status quo that governed the country for 14 years. The captain of the Army reserve, candidate for the PSL, had 57.8 million votes (55.1%) against 47 million of his adversary, the socialist from the Worker’s Party (PT) Fernando Haddad (44.9%).
In the 70’s, Chile was a country devastated by Salvador Allende's interventionist policies. The socialist government had destroyed the economy and destabilized society, leaving the nation in a complete socio-economic ruin which was compounded by the lack of individual freedoms. Given the worrying situation, not surprisingly, the Chilean economy was moribund and other Latin American countries such as Mexico, Venezuela, and Argentina easily surpassed their standard of human development.
“There are two sides to every issue: one side is right and the other is wrong, but the middle is always evil … In any compromise between food and poison, it is only death that can win. In any compromise between good and evil, it is only evil that can profit.” (Galt’s Speech)
Imagine a system in which a private company, as a government service provider, offers you the protection of life, liberty, and property. This service includes internal and external security, a legal and regulatory framework and independent dispute resolution. For these services, you pay a contractually fixed fee per year. The state service provider as operator of the community can not unilaterally change this "citizens contract" with you later. As a "contract citizen", you have a legal claim to compliance and a claim for damages in the event of failures.
Since the end of communism, countries suffering from the economic destruction of collectivism have risen out of the ashes, and are turning into prosperous and modern countries. Time to celebrate!