This 17th annual report, jointly published by the Heritage Foundation and The Wall Street Journal, sifts through the wreckage caused by government's turbocharged acceleration during the Bush-Obama years.
America's slumping score (down from No. 5 in 2008) confirms the urgent need for Washington, D.C., to revitalize free markets and restrain government intervention.
Among the Index's 179 countries, Hong Kong is rated first, followed by Singapore, Australia, New Zealand, Switzerland, Canada, Ireland, and Denmark.
These nations all outscored the United States across 10 categories, including taxes, free trade, regulation, monetary policy, and corruption.
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