Six reasons America is only the Ninth-most Free Economy in the worldSubmitted by bobbyw24 on Thu, 01/13/2011 - 08:02
The Heritage Foundation, a Washington, D.C.-based free market think tank, along with the Wall Street Journal, released its 17th annual Index of Economic Freedom. While the report contains a lot of good news for less-developed nations with emerging economies around the world, the picture isn’t so good for the United States.
For the second year in a row, the U.S. has actually fallen in economic freedom, from a score of 78.0 to 77.8, at a time when more than half of the countries around the world experienced an increase in their economic freedom ranking. The U.S. currently ranks as the 9th freest country economically, but its score puts it in the “mostly free,” only the second best category to be in.
According to the list, the U.S ranks behind Hong Kong, Singapore, Australia, New Zealand, Switzerland, Canada, Ireland and Denmark, in that order.