Tag Archives: Free Market

What is Missing in Eritrea is Market Freedom, Not Political Freedom

Eritrea need to encourage investment by introducing market freedom and reforms
A democratic climate seems to favour a free market economy. A free market economy appears to be reliant on democracy for its functioning. With only one and non-corrupted political party, Eritrea can continue to survive, yet needs to introduce market reforms to create more private sector jobs.

BY GEORGE F. TESFA

Democracy is a controversial topic, especially for advocates of free market capitalism and the West in general, and rightfully so. What is democratic capitalism? It is a political, economic and social ideology that combines a democratic political system with a free market economy, a system with many opposition political parties and a free press. It is a very appealing system. In fact, it is undeniable that, in the last half century, democratic capitalist systems have been the sole economic growth engine for both developed and emerging countries. Continue reading What is Missing in Eritrea is Market Freedom, Not Political Freedom