Heritage Foundation’s 2017 Index of Economic Freedom: Hong Kong and Singapore 1st and 2nd, New Zealand and Australia 3rd and 5th, Canada 7th, UK 12th, US slips to 17th

Heritage Foundation’s 2017 Index of Economic Freedom: Hong Kong and Singapore 1st and 2nd, New Zealand and Australia 3rd and 5th, Canada 7th, UK 12th, US slips to 17th. Notes Lydia Wheeler:

The conservative political think tank’s report claims the substantial expansion in the size and scope of the U.S. government, increased regulatory and tax burdens in many sectors, and the loss of trust and confidence that has accompanied a growing perception of “cronyism” has severely undermined America’s global competitiveness.

Heritage said a low score could mean less take home pay for Americans, more difficulties for entrepreneurs and greater uncertainty for businesses. …

The 2017 index found that 103 countries — the majority of which are less developed or emerging economies — showed advancements in economic freedom over the past year, with 49 countries achieving their highest economic freedom scores ever, including China [111th] and Russia [114th].

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