Measured with the Economic Freedom of the World ratings framework, Slovenia’s situation in 2015 was inferior, relative to 1995, in several areas. Notably, regarding government consumption, private sector credit, the legal system, and property rights.
Because of the binding constraints of European treaties and EU law, there are few remaining lines of attack against the Bank of Slovenia’s independence. This article places these developments within the normative and positive contexts of free markets.
If privatisation is indeed to work its magic and liberate markets from politicians, predictable mistakes should be avoided. Thinking about privatisation failure can improve privatisation itself.