Skip to comments.US ranks 17 in measure of economic freedom
Posted on 09/19/2013 9:54:41 PM PDT by TexGrill
The United States has dropped 15 slots since 2000 in an annual ranking of economic freedom, from second place to 17th place.
Wednesday, the Fraser Institute, a Canadian public policy think tank, released its annual Economic Freedom of the World Report revealing that while the United States is up a slot in the rankings from last years analysis, the country still has ground to make up to get back to the position it held in 2000.
The report gauges how supportive countries policies and institutions are of economic freedom using 42 variables in five general areas: government size, property rights and legal system, sound money, international trade freedoms and regulation.
(Excerpt) Read more at dailycaller.com ...
This is the change part of hope & change.
It is sad to see this happening
While it is difficult to pinpoint the precise reason for this decline, the increased use of eminent domain to transfer property to powerful political interests, the ramifications of the wars on terrorism and drugs, and the violation of the property rights of bondholders in the auto-bailout case have all weakened the tradition of strong adherence to the rule of law in the United States and we believe have contributed to the sharp decline in the rating for Legal System and Property Rights. Expanded use of regulation has been an important contributing factor to the declining ratings of the United States. During the past decade, non-tariff trade barriers, restrictions on foreign investment, and business regulation have all grown extensively. Michael Walker, who along with Milton and Rose Friedman, was the central figure in the development of this project, often stated: Regulation is the raw material of corruption. Thus, he would not be surprised that the expanded use of regulation in the United States was accompanied with sharp reductions in ratings for components such as independence of the judiciary, impartiality of the courts, and regulatory favoritism. To a large degree, the United States has experienced a significant move away from rule of law and toward a highly regulated, politicized state.
Top-ranked countries: Hong Kong, Singapore, New Zealand, Switzerland
If ObamaCare goes into full effect, we will drop much further on any honest assessment.
Holy moly! 33 scripts running on that site. Since I’m running NoScript with FF, the ranking list won’t display.
Care to post it?
Here is the link of the PDF of the actual report. 284 pages, no scripts.
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