- Sep 21, 2012
- Reaction score
- Sin City
on January 14 2014 by Meagan Clark of International Business Times @ America Just Got Bumped From This Top 10 List, And That's Really Depressing
Just what does this mean for the USA? Here's one part of the reportWorld economic freedom has increased to record levels, according to the 2014 Index of Economic Freedom, released Tuesday by the Heritage Foundation and the Wall Street Journal. But the United States, after seven consecutive years of slipping down the index, has left the top 10 freest economies.
For 20 years, the Index of Economic Freedom has evaluated countries performances in 10 categories, including property rights, freedom from corruption, government spending, trade freedom and others. Scores from 0 to 100 are then averaged and the countries are classified as free, mostly free, moderately free, mostly unfree or repressed.
Read the entire thing at the link. I am certain posters will claim this to be unfair and biased but it seems to make a great deal of sense to this non-economist.The reason, according to editors of the report: "The overall economic policy direction of the United States in recent years has involved substantial growth in the size and scope of government, accelerating the erosion of economic freedom and contributing directly to America's fall from the top 10 freest economies.