Once more, please look at news that have to do with a country's institutions. Focus especially on news having to do with
- property rights
- honest government
- political stability
- a dependable legal system
- competitive and open markets.
Often, what makes the news is the absence of these institutions. For example, you will read about
- violations of property rights (people take what is others', for example, intellectual property through copyright violation), or governments take private citizens' property (for example, confiscation of land or assets)
- dishonest government (corruption, fraud, favoritism, nepotism, etc.)
- frequent changes of government, violent protests, coup d'états (government overthrow), civil war
- difficulties in getting contracts enforced, difficulties in applying reasonable regulations, unpredictable or unreasonable changes in the law, etc.
- abuses of market power (by big firms), creation of monopolies or uncompetitive actions (by firms or by governments), trade barriers (import tariffs, regulations), etc.
