America Ranks As The Tenth Freest Economy Of The World

by
editors
It is a common belief that Americans are the epitome of freedom, equality, free will and liberty. They know their rights and know when and how to use them. They take pride in living in a country which is free and has no suffocating boundaries or limits.

Economy Of The World

It is a common belief that Americans are the epitome of freedom, equality, free will and liberty. They know their rights and know when and how to use them. They take pride in living in a country which is free and has no suffocating boundaries or limits.

The Canadian Fraser Institute, though, has some interesting news, one that might come as a shock to the most liberal country of all time. The institute measures the impact of government interventions and competitive markets on individuals, sort of a Canadian think-tank.  It has ranked the US just seventh in its ranking of most and least free countries of the world (which includes personal and economic freedom).

Also, in the Index of Economic Freedom, the US ranks as the tenth economically freest country in the world. The country that is known for its ‘freedom’ boast is actually not that free after all.

The index of freedom includes economic freedom which is described as ‘the right to own and control his/her labor and property’. And a few days ago it’s  19th edition was produced by the Wall Street Journal and the Heritage Foundation. 

The US score has been consistently dropping since the year 2009 primarily because of the economic policies which are always under the coercive power of the government. According to the index, it scores have majorly dropped in business and labor freedom.

America has criticized several nations for their lack of liberty and freedom. It has tried to intervene in many countries, promising freedom to their people and giving them a helping hand in their fight for their right. The increasing decline in its freedom status suggests that America better adopt the ‘charity begins at home’ approach.

The world’s freest region, according to the index, remains North America.  Mexico has been listed as the only country with an improved economy from last year. Africa didn’t do quite well while the Middle East countries made up eight of the bottom ten and Zimbabwe was last and certainly the least free of them all.  Afghanistan, Iraq, Kosovo and Libya remain unranked.

According to the Index of Economic Freedom: ‘Restoring the U.S. to a place among the world’s “free” economies will require significant policy reforms, particularly in reducing the size of government, overhauling the tax system, transforming costly entitlement programs, and streamlining regulations.’

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