[From article]
As Cato scholar Ian Vasquez noted on the Cato-At-Liberty blog, America "has seen more than a decade of decline, having been ranked second in the index in 2000, eighth in 2005 and 17th in the current report."
How can this be? Why the steep downward slide? The answer starts and ends with a government that can't say "no" to its urge to expand its role forever.
Consequently, America's ranking has fallen in all areas that the report measures. In size of government, it is ranked 59th out of 152 countries. Our legal system and security of property rights ranks 30th, while our freedom to trade internationally is 43rd.
Worse, the U.S. is a true regulatory state, ranking 121st in credit market regulation and 33rd in business regulations.
http://news.investors.com/ibd-editorials/092013-671953-america-has-fallen-to-worlds-17th-most-free-economy.htm
U.S. Not Even In Top 15 Of World's Freest Economies
IBD Editorial
Posted 06:20 PM ET
No comments:
Post a Comment