We need to better understand how attractive cultural environments lay the foundations for economic prosperity. We need to establish more firmly the link between cultural diversity and economic creativity. We need in-depth analysis of what is really happening when cultural activity kick starts economic regeneration. We need to open our minds to the freedom to engage in cultural activity as a necessary counterpart to the economic (and political) freedoms which we rightly prize – and, it might be added, which are worth more than money. We need more examples of how the arts as much as politics can bring about economic change.
In a globalised economy we also need to be alert to how the arts and culture can provide a way of thinking about ourselves as a country and the challenges of adapting to a rapidly changing world.In short, we need to devise better ways of bridging the divide between culture and the economy. Only then will we be in a position to understand those dimensions of culture that affect economic success.
In “Still Hope though Power generating long train of abuses” I also lay the link to the culture of citizens and the influence of their aspirations and expectations of actions to be taken by their governments.
Please continue reading:
- Still Hope though Power generating long train of abuses
- Culture Makes All The Difference: Reclaiming the Culture of Economics
- Doomthinking or a real problem for Europe
- Left behind for economical emigration
- The Free Market (and all that) did not bring down the Berlin Wall
- America Drops Out of the Top 10 Economically Freest Countries (xrepublic.tv)
If you live in Hong Kong, Singapore, Australia or Switzerland, the answer is yes. If you live in Zimbabwe, Cuba or North Korea, then no. And if you live in the United States, your economic freedom is slipping away—with dire consequences.This, at least, is the warning sounded by Terry Miller, director of the Center for International Trade and Economics at the Heritage Foundation, which has teamed up with The Wall Street Journal to produce the “2014 Index of Economic Freedom.” The Index evaluates the commitment to free enterprise using 10 categories, including fiscal soundness, government size and property rights.
“Countries achieving higher levels of economic freedom consistently and measurably outperform others in economic growth, long-term prosperity and social progress,” Miller writes. “Those losing freedom, on the other hand, risk economic stagnation, high unemployment and deteriorating social conditions.”
According to the Index, the United States has dropped out of the Top 10 economically freest countries and now occupies 12th place, below Mauritius, Ireland and Denmark. “The Obama administration continues to shackle entire sectors of the economy with regulation, including health care, finance and energy,” Miller asserts. “The intervention impedes both personal freedom and national prosperity.”
- American Ranking Plummets in Global Index of ‘Personal Freedoms’ (commondreams.org)
Nation’s handling of civil liberties, freedom of choice, tolerance of ethnic minorities, and tolerance of immigrants sends it from 9th to 21st place worldwide
- Obama and Xi in Beijing summit (bbc.co.uk)
China and the US have unveiled new pledges on greenhouse gas emissions, as the leaders of the two countries met for talks in Beijing.
US President Barack Obama said the move was “historic”, as he set a new goal of reducing US levels between 26%-28% by 2025, compared with 2005 levels.
China did not set a specific target, but said emissions would peak by 2030.
The two countries also agreed to reduce the possibility of military accidents in the air and sea.
- Gloomy Thoughts About the Effects of the Cyclical Downturn on Entrepreneurship, Enterprise, and Growth (growthology.org)
- Real GDP fell relative to potential output by 8% in 2008-2009…
- Real has stayed 8% below its previous growth path ever since…
- The CBO is now forecasting that real GDP will return to potential output as of the end of 2017…
- The CBO is now forecasting that, come the end of 2017, the economy’s full-employment productive potential will be 8% below what CBO was forecasting in 2007…
- American Ranking Plummets In Global Index Of ‘Personal Freedoms’ (mintpressnews.com)
According to the Legatum researchers, “evidence suggests that the greater the level of freedom in society the greater the satisfaction with life.” However, they note that of the types of freedom tested for, “economic freedom is most important for life satisfaction and wellbeing across a range of countries.”
- American Ranking Plummets in Global Index of ‘Personal Freedoms’ (informationliberation.com)
In an age of expanding national security powers, increasing surveillance state, and rolled-back civil liberties protections, Americans’ perception of their own personal freedoms is plummeting, according to the annual ranking by the Legatum Institute in London.In Washington D.C. this week to promote their findings, researchers with the Legatum Institute measure a nation’s prosperity on a number of factors including health, safety, education, economy, opportunity, social capital, governance and personal freedoms.
- 3 most-free states income about 20% higher than 3 least-free (freenorthcarolina.blogspot.com)
This year’s Economic Freedom of North America 2014 (EFNA) report shows that, once again, while we are the United States, our states have bigger differences than climate, seasons and terrain. The levels of economic freedom, and thus economic opportunity, vary widely across the 50 states, as do the levels of economic prosperity.
- Rights Advocates, Pioneers Honored by Presidential Medals (voanews.com) (video)
Even as the United States continues to struggle with civil rights and racial equality, several civil rights pioneers were honored with the highest U.S. civilian awards on Monday. President Barack Obama presented Medals of Freedom to 19 civilians who have made significant contributions to make the United States a more just, secure and culturally diverse country. Zlatica Hoke reports.