Democracy and Economic Freedom are in Decline

The first report cards on democracy and economic freedom for 2021 are out and the results are not good. Economic Intelligence Unit, the sister company of The Economist magazine, found that last year’s Democracy Index had fallen by almost a tenth of a percent. That’s the biggest drop in the index’s 15-year history.

The Heritage Foundation’s Index of Economic Freedom, meanwhile, saw a similar albeit larger decline of 1.6 points out of 100. Heritage looked at economic policies and conditions in 177 countries while the Democracy Index looked at 167 countries.

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