Corruption in Russia

This video describes corruption in Russia associated with the Sochi Olympics. It illustrates one reason why the Heritage Foundation rates the level of economic freedom in Russia as "Mostly Unfree."

Want evidence that the rule of law promotes economic prosperity?

Compare this list of most corrupt nations with the standards of living there.

Wal-Mart Enters India

This article in the WSJ describes well the disadvantages of bad infrastructure and government regulation.

A good reason to work for 7 minutes

Here is an interesting way to measure the standard of living in a country. The article point out that the time spend working to acquire goods is a better measure of the standard of living than prices.