🗽1/ Freedom is essential to progress, and it is declining.
The latest Human Freedom Index (HFI) from @FraserInstitute & @CatoInstitute shows a sharp fall in both personal and economic freedom since the beginning of the pandemic.
📄: cato.org/human-freedom-…2/ Freedom is important for its own sake but also because it drives progress.
The freest countries are also the richest, most innovative countries, which pull the world forward.
Jul 7, 2022 • 5 tweets • 3 min read
1/ In 1972, the @ClubOfRome predicted population growth and over-extraction would lead to resource shortages and civilizational collapse within 100 years.
However, short-term price hikes do not negate the long-term trend. Over the last century, food has become dramatically more affordable in the United States. humanprogress.org/rising-food-pr…
Our editor Marian Tupy and @gpooley tracked the prices of 42 food items between 1919 and 2019 relative to wages for blue-collar and unskilled workers.
When the Queen ascended to the throne, the average income per person in the U.K. was 217% higher than that in Hong Kong. In 2017, the British made 30% less on average than the people of Hong Kong. How did that happen? humanprogress.org/article.php?p=…
Since 1970, Hong Kong has consistently ranked as the freest economy in the world. The territory has zero tariffs on imports from abroad and a much lighter regulatory burden. humanprogress.org/article.php?p=…