Posted on May 22, 2021
How Estonia—Yes, Estonia—Became One of the Wealthiest Countries in Eastern Europe | Luis Pablo de...
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https://fee.org/articles/how-estonia-yes-estonia-became-one-of-the-wealthiest-countries-in-eastern-europe/
From day one, the new government committed to undertaking market-oriented reforms that laid the foundations for a successful transition from socialism to capitalism. The political agenda included monetary reform, the creation of a free-trade zone, a balanced budget, the privatization of state-owned companies, and the introduction of a flat-rate income tax.
One of the architects of this pro-market agenda was Mart Laar, Estonia’s Prime Minister during two periods: 1992-1994 and 1999-2002. Laar has claimed that he took inspiration from Milton Friedman’s bestseller Free to Choose in order to implement his ambitious free-market reform plan.
From day one, the new government committed to undertaking market-oriented reforms that laid the foundations for a successful transition from socialism to capitalism. The political agenda included monetary reform, the creation of a free-trade zone, a balanced budget, the privatization of state-owned companies, and the introduction of a flat-rate income tax.
One of the architects of this pro-market agenda was Mart Laar, Estonia’s Prime Minister during two periods: 1992-1994 and 1999-2002. Laar has claimed that he took inspiration from Milton Friedman’s bestseller Free to Choose in order to implement his ambitious free-market reform plan.
Economy
Wealth
Capitalism
Edited >1 y ago
Posted >1 y ago
Responses: 5
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An amazing little country. There is a great documentary out there somewhere titled The Singing Revolution, about how Estonians parleyed a passion for folk music into a successful independence movement. It is well worth the watch.
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Shall we compare what our politicians are doing and have been doing with our economy? These ideas or many of them, were the same as our founding fathers.
Is it not about time to “We the People” tell our elected officials (so called) to get back to truth? Shall we continue to allow them to share and spend our prosperity by means of redistribution of wealth? Just asking, when will they be held to account?
Is it not about time to “We the People” tell our elected officials (so called) to get back to truth? Shall we continue to allow them to share and spend our prosperity by means of redistribution of wealth? Just asking, when will they be held to account?
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How many times does this world have to shown that socialism doesn't work, never will work, and that the free market breeds confidence, and excellence?
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