I am not questioning the values of politicians. If they believe that the means of production should belong to the state, it is their right to do so. However, we are living in an independent Lithuania and so members of the parliament must at least be objective and impartial.
The development of an in-depth understanding of the European values as well as individual responsibility among young people rests upon raising their social awareness and the advancement of critical thinking on social phenomena. A proper account for social reality requires an integration of economic, political, and moral perspectives.
Evaluated for Economics in 31 Hours curriculum, its success, efficiency and itspartnership with the Atlas Network in promoting the European Academy for Intellectual Entrepreneurs, LFMI ranks among world-famous institutions and organisations.
On June 20, 2017, the Lithuanian Free Market Institute organizes an international conference titled “Paternalist Policies and Food Regulation: Objectives and Consequences”, aimed at initiating a series of public debates on the growing trends of state paternalism.
The European Commission has launched a legislative initiative on cash payment restrictions aimed at exploring the rationale for the introduction of upper limits on cash transactions. LFMI presents its position on the issue of restricting cash payments as a measure to fight against criminal activity, terrorism and the shadow economy.
This year the Tax Freedom Day comes five days later; regrettably, government spending surpasses economic growth and Lithuanian taxpayers should work more and more just to pay taxes. To compare, Estonia celebrated on May 7, the United States on April 23, and Australia on April 13.
Lithuania’s new Labor Code that was supposed to be flexible in balancing employee-employer interests is to take effect as of 1 July 2017. It was already approved by the previous government, but vetoed by the President. Therefore, its entry into force was postponed and so began the process of its improvement.
Governments spend financial resources on various functions ranging from healthcare to social protection to education to defence and others. Inevitably, a part of public finance is allocated to the functioning of the bureaucratic system because general public services are necessary for other public services to exist.
According to the results of a representative population survey carried out by “Spinter Research” on behalf of the Lithuanian Free Market Institute, 48% of Lithuanians wish their children pursued a career in entrepreneurship. Yet, the same group associates entrepreneurship with risk, innovation, and hard work.