U.S. Drops to 18th in Global Economic-Freedom Rankings: Are You Worried?
Fef
2012/09/21 19:00:00
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The Fraser Institute report smacked U.S.A. down from 8th place a decade ago. Big government policies and a trend to more regulations by Washington, D.C. has dropped America out of the top 10.
The report blasts American policies in regard to freedom:
WND.COM reports:
The report blasts American policies in regard to freedom:
The United States, long considered the standard bearer for economic freedom among large industrial nations, has experienced a substantial decline in economic freedom during the past decade.
WND.COM reports:
The United States has slipped to 18th in the world when it comes to economic freedom, according to an annual ranking of nations issued by the Fraser Institute.
Read More: http://www.wnd.com/2012/09/u-s-drops-to-no-18-in-g...
Top Opinion
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robert.goldsmith.14 2012/09/21 22:37:57Yes, I'm worried
+18Never before have I seen a president who has caused more harm to our country in my entire life until Obama.
Thank you cesspool.
Time to put this inept prez far from the w/h..he has done irreparable damage.
However, even accounting for their bias, there is no question that the U.S. has been on a downward economic path due to republican policies under Bush and to the willingness of the current republicans in congress to let the country go to hell for the sake of politics. My worry is that they will drink their own kool-aid and continue this opposition even after the election.
http://www.heritage.org/index...
his year’s index shows that Hong Kong retains the highest rating for economic freedom, 8.90 out of 10. The other top 10 nations are: Singapore (8.69); New Zealand (8.36); Switzerland (8.24); Australia (7.97); Canada (7.97); Bahrain (7.94); Mauritius (7.90); Finland (7.88) and Chile (7.84).
The rankings of other large economies in this year’s index are:
12. United Kingdom (7.75)
18. United States (7.69)
20. Japan (7.64)
31. Germany (7.52)
47. France (7.32)
83. Italy (6.77)
91. Mexico (6.66)
95. Russia (6.56)
105. Brazil (6.37)
107. China 6.35); and
111. India (6.26).
Here are a few reasons why:
1) they can pay $2/hr or cheaper ($5 a DAY in Mexico) for labor in a 3rd world country whereas, in the USA, that darned minimum wage thing keeps them from paying hard working Americans less than $8/hr. Do you suggest we try an match Malaysian or Vietnamese labor rates in order for multi-billion-dollar profit making Nike to love us again and bring their shoe factories back to America?
2) There is less pollution regulation. Those darn US law and regulation cost those corporate paper mills and other industries so much money to make sure USA water and air is clean. Why not just save MILLIONS and MILLIONS and move to China where they don't care as much..as long as the local Communist government reps get their payola. So, should we just allow American industries to regulate themselves...yea, maybe if we let them throw out the air filters and stop checking on water quality...maybe then we will be attractive to the bottom line of their shareholders. You think?
3) Health Insurance. Those darn laws that force businesses to offer medical plans to their employees REALLY are annoying and cut heavily into corporate profit margins. Instead, why...
Here are a few reasons why:
1) they can pay $2/hr or cheaper ($5 a DAY in Mexico) for labor in a 3rd world country whereas, in the USA, that darned minimum wage thing keeps them from paying hard working Americans less than $8/hr. Do you suggest we try an match Malaysian or Vietnamese labor rates in order for multi-billion-dollar profit making Nike to love us again and bring their shoe factories back to America?
2) There is less pollution regulation. Those darn US law and regulation cost those corporate paper mills and other industries so much money to make sure USA water and air is clean. Why not just save MILLIONS and MILLIONS and move to China where they don't care as much..as long as the local Communist government reps get their payola. So, should we just allow American industries to regulate themselves...yea, maybe if we let them throw out the air filters and stop checking on water quality...maybe then we will be attractive to the bottom line of their shareholders. You think?
3) Health Insurance. Those darn laws that force businesses to offer medical plans to their employees REALLY are annoying and cut heavily into corporate profit margins. Instead, why not go to countries like Mexico where the government subsidizes health care so they can pay those annoying costs and we can fatten up our bottom line? Sure. Maybe if the USA would just get government supported health care for all its workers, maybe then all those American companies like Johnson and Johnson and Delphi Automotive will shut down their plants on the Mexico side of the border and bring those jobs back where they started.
Maybe if we just lower our living standards and bend over farther and farther...I'm sure we can bring back those jobs to America and have more 'economic freedom'. Don't you think so Radlad?
Get the vote out R's!