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  • North Korean Economic Freedom: How Low Can You Go?

    While we are moving into spring, North Korean leaders have decided to stay out in the cold of economic isolationism. In a move sure to solidify its position in the Heritage Foundation’s Index of Economic Freedom, North Korea signaled April 1 that it would gradually terminate its experiment with free market system. It’s no joke!

    As reported in The New York Times, “North Korea will phase out private markets and restore its state-controlled system, a North Korean government economist said in an interview broadcast late Thursday amid signs that the North was retreating from years of free market experiments.”

    According to the 2010 Index, North Korea’s economic freedom score is mere 1.0 out of the 0-100 scale, which not surprisingly marks its economy as the least free in the world. Since the early 1990s, North Korea has replaced the doctrine of Marxism–Leninism with the late Kim Il-Sung’s juche (self-reliance) as the official state ideology. The country’s impoverished population is heavily dependent on government subsidies in housing and food rations, though even the state-run rationing system has deteriorated significantly in recent years.

    Posted in International [slideshow_deploy]

    11 Responses to North Korean Economic Freedom: How Low Can You Go?

    1. Billie says:

      There is no "ism" in freedom.

    2. fastfood says:

      I think it is long past time that we put the breaks on US financial and economic subsidy/aide, or perhaps “freebees” is a better term, to North Korea to force it's people, including most of it's military and leadership to rebel against it's government. Besides, this is no time for the US, much less other countries/economies to be throwing money at bull-headed troublemakers who flatly refuse to change. In addition, even when they "promise" to change, it turns out to be nothing but lies.

    3. stirling, Pennsylvan says:

      Our Leftist Liberal Politicians should be required to live in N.Korea for a year and maybe they would come back with some apreciation for what real freedom is in America, and realize that government is NOT the answer to everything. What kind of life is it really when you are a slave to the governmental system for everything? It's nothing more then a prision sentance to being the laughing stock of the modern world.

    4. Pingback: North Korean Economy Watch » Blog Archive » DPRK official reaffirms intention to close markets

    5. Swamp Fox ,exas says:

      I can't help but think that this is what Obama and his 40 thieves would like to see. My question is if this is the direction they want to take us, will they also start having public executions like North Korea does. Loudspeakers on cars announcing the execution, then authorities forcing you to go witness the execution. With all of the stuff that has already happened, I would not be the least bit surprised.

    6. Pingback: Economic News – April 05 2010 | nknews.org

    7. Pingback: Opinion – April 05 2010 | nknews.org

    8. Pingback: North Korean Economic Freedom: How Low Can You  | nknews.org

    9. Howard, Illinois says:

      I recommend reading Liberal Fascism by Jonah Goldberg and you will know exactly where we are and where we are headed.

    10. Tim AZ says:

      How low can you go? It depends on the individual. If you are predisposed to following the path of least resistance you could most likely end up about six feet under. If you insist on determining your own destiny the sky is the limit. Of course anything worth doing is never easy.

    11. michael g. o'le says:

      thats no surprize north korea's leaders must enjoy being extremely brutal to its people. they'll never have anything so long as that type of government rules over it's people. on the other hand south korea is so much more vibrant and alive. it's like night and day.

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