-By Warner Todd Huston
In the year 2000 the USA ranked second on the Economic Freedom of the World report. Now, in 2014, the USA has fallen to 12th place.
That’s right, the country founded on capitalism and economic freedom has been steadily losing ground among the most free nations as our system declines into welfare dependency, government sponsored crony capitalism (which isn’t capitalism at all but fascism), and big government, regulatory strangulation.
The CATO Institute puts out its annual report measuring the economic freedom of the nations of the world and this year the leader in global economic freedom is Hong Kong. The rest of the top ten are as follows: Singapore; New Zealand; Switzerland; Mauritius; United Arab Emirates; Canada; Australia; Jordan; and, tied for 10th is Chile and Finland.
And what of the United States?
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USA Falls to 12th Place in World Economic Freedom”