And I get especially irked when I think about how their authoritarian policies will hurt the most vulnerable in society.
But I nonetheless feel sorry for statists when I see them fumble, stumble, duck, and weave when asked why global evidence contradicts them.
In other words, it’s almost painful to watch when they are asked why nations with varying degrees of statist policy – such as Venezuela, France, the United States (under Obama), Argentina, and Greece – suffer from economic stagnation and decline.
And it’s equally uncomfortable to watch them struggle and squirm when they’re asked to explain why jurisdictions with more pro‐market policies – such as Bermuda, Estonia, Switzerland, the United States (under Reagan), Chile, and Singapore – tend to enjoy growth and rising living standards.
However, I can’t help adding to their discomfort. Let’s look at more evidence.
Here’s some of what Richard Rahn wrote for the Washington Times about Hong Kong’s economic miracle.