Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

US Crashes Out Of The Top 10 In World Prosperity Index
Business Insider ^ | 11/05/2012 | Joshua Berlinger

Posted on 11/05/2012 1:48:34 PM PST by SeekAndFind

The United States is no longer one of the world's ten most "prosperous" countries for the first time according to the Legatum Institute.

The Legatum Prosperity Index assessed and ranked the prosperity of 142 countries based on eight sub-categories: economy, entrepreneurship and opportunity, health, governance, education, safety and security, personal freedom, and social capital.

America experienced an "unprecedented" fall to twelfth in the rankings, as it experienced "weakening performance across five of the Index’s eight sub-categories."

When referring to the U.S., the language of the report had a somewhat dire tone. It claims that "the American Dream is in jeopardy," and "the national ethos of the U.S. is under threat." 

The London-based public policy institute pegged the U.S.' precipitous drop to a decline in consumer and voter confidence, along with a bleak economic and entrepreneurial outlook; four percent fewer citizens believe that "hard work gets you ahead," and business startup costs as a percentage of Gross National Income (GNI) have doubled in the past two years. 

In fact, the U.S. economy sub-score dropped to twentieth and its personal freedom score dropped four points to fourteenth, just above Uruguay.

“Despite performing relatively well in a few sub-indices," said Jeffrey Gedmin, President and CEO of the Legatum Institute "it is clear that the U.S. is struggling to overcome the barriers to prosperity. Good education alone will not keep prosperity afloat and whoever succeeds in the elections this week needs to address the factors that are holding the nation back from being truly prosperous.”

It appears that Legatume hopes the timing of the report's release — which was made available to the public on October 30 — will have electoral implications in the upcoming presidential race.

(Excerpt) Read more at businessinsider.com ...


TOPICS: Business/Economy; Culture/Society; Front Page News
KEYWORDS: economy; prosperity; prosperityindex; usa; uscrisis

1 posted on 11/05/2012 1:48:44 PM PST by SeekAndFind
[ Post Reply | Private Reply | View Replies]

To: SeekAndFind
Last month, the U.N. Settlements program released its own "City Prosperity Index," which ranked a handful of the world's cities according to its own metric determining which were the most prosperous.

Here are the top twenty countries:

  1. Norway
  2. Denmark
  3. Sweden
  4. Australia
  5. New Zealand
  6. Canada
  7. Finland
  8. Netherlands
  9. Switzerland
  10. Ireland
  11. Luxembourg
  12. United States
  13. United Kingdom
  14. Germany
  15. Iceland
  16. Austria
  17. Belgium
  18. Hong Kong
  19. Singapore
  20. Taiwan

SEE ALSO: Why the world's most prosperous cities are in Europe »

2 posted on 11/05/2012 1:49:27 PM PST by SeekAndFind
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind
AND PLEASE FORWARD THIS FR ARTICLE TO EVERY OBAMA SUPPORTER AND INDEPENDENT YOU KNOW.. PLEASE!!!!

http://www.freerepublic.com/focus/f-bloggers/2955293/posts

Thank you!

3 posted on 11/05/2012 1:56:57 PM PST by Obama_Is_Sabotaging_America
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind
They probably aren't counting micro nations like Monaco and Liechtenstein. Still, when I was a boy, the United States was second to none and Singapore was struggling to emerge from third world status.
4 posted on 11/05/2012 1:57:50 PM PST by Vigilanteman (Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
[ Post Reply | Private Reply | To 2 | View Replies]

To: SeekAndFind

Obama built that...


5 posted on 11/05/2012 2:04:22 PM PST by mom4melody
[ Post Reply | Private Reply | To 2 | View Replies]

To: SeekAndFind

There was a study not too long ago that the economic rank of Sweden was the same as Mississippi.


6 posted on 11/05/2012 2:04:31 PM PST by quietly desperate (nm)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

There was a study not too long ago that said the economic rank of Sweden was the same as Mississippi.


7 posted on 11/05/2012 2:04:57 PM PST by quietly desperate (nm)
[ Post Reply | Private Reply | To 1 | View Replies]

To: mom4melody
Obama built that...

Outstanding!!!

8 posted on 11/05/2012 2:06:08 PM PST by nascarnation (Defeat Baraq 2012. Deport Baraq 2013)
[ Post Reply | Private Reply | To 5 | View Replies]

To: SeekAndFind
If 0bama steals the election we'll soon be down there with Greece, wherever they are.

PRAY FOR AMERICA!


9 posted on 11/05/2012 2:08:23 PM PST by The Sons of Liberty (Win One For The Gipper!!!!!! Nov 6, 2012)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Obama promised change, and he delivered!


10 posted on 11/05/2012 2:09:13 PM PST by Pollster1 (Freedom is never more than one generation away from extinction. - Ronald Reagan)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Have the Ice Countries found a way to repel the commies?

This needs to be handed to Mitt on day 1 - a to-do list. Most of these can be fixed by repealing bad liberal law.


11 posted on 11/05/2012 2:09:44 PM PST by txhurl
[ Post Reply | Private Reply | To 2 | View Replies]

To: SeekAndFind

While the reasons for our drop are most illegitimate categories. Loss in economic freedom and faith in hard work.(Economic activities will not get done if people can’t or wont work hard.)

I have always found theses list misleading because of the inclusion of completely non-related figures like healthcare coverage numbers that have nothing to do with economic productivity and indeed only reflect their twisted idea of how a system “must work”. In this case an idea that rejects the very notion of price selection intelligently controlling resource allocation. The very foundation of any free economy.

So instead anyone who does not follow their pattern is docked. But still their right about many if not most of their figures.


12 posted on 11/05/2012 2:10:42 PM PST by Monorprise
[ Post Reply | Private Reply | To 2 | View Replies]

To: SeekAndFind
Japan not even on the list. Wow.

One slight silver lining is that when they talk about the rich nations paying more, we can refer them to things like this.

13 posted on 11/05/2012 2:12:19 PM PST by Hillarys Gate Cult (Liberals make unrealistic demands on reality and reality doesn't oblige them.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Sheesh, how surprising.

When a country’s immigrants are mainly from third world countries, whose citizens have very little or none to contribute, the host country’s overall society will start to immitate that of the immigrant’s country of origin.


14 posted on 11/05/2012 2:13:04 PM PST by 353FMG (The US Constitution is only as effective as those who enforce it.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

While the reasons for our drop are most legitimate categories. IE: Loss in economic freedom and faith in hard work.(Economic activities will not get done if people can’t or wont work hard.)

I have always found theses list misleading because of the inclusion of completely non-related figures like healthcare coverage numbers. As if the way one manages a particular resource is to be decided BY THEM to be most efficient.

In this case they generally measure the share of the population who have 3rd parties paying for their healthcare bill rather than managing that resource themselves as they see fit. Shockingly they almost always assume that a 3rd party makes the most efficient and desirable choices. Which is why they measure the share of the population partispating in such a scheme as a factor in their list.


15 posted on 11/05/2012 2:16:19 PM PST by Monorprise
[ Post Reply | Private Reply | To 2 | View Replies]

To: SeekAndFind
BWAHAHAHAHAHAHA!!!

Good stuff, very funny! From the Legatum Institute, no less, who have been manufacturing this index for all of, what, six years?? Norway & Sweden at the top - two of the most heavily socialist countries in NE. Yeah, what cred they've establish with THAT little nugget.

And pushed by our Commie friends at Business Insider, no less. Whatever, dude - BTW, liberty_lvr says you have crashed out from the list of ten best posters on FR.

I'm sure you are devastated...

16 posted on 11/05/2012 2:17:15 PM PST by liberty_lvr (Drill Gaia like a 3 am prom date)
[ Post Reply | Private Reply | To 1 | View Replies]

To: The Sons of Liberty
I don't know about you but I AM NOT SURRENDERING MY LIBERTY SIMPLY BECAUSE 51% OF A DISTANT POPULATION THINKS ITS ENTITLED TO MY SERVICES AS GOVERNMENT SLAVE! I intend to seek and presue any other option to secure to myself and my posterity God's blessing of liberty. Those who would vote it away be dammed. I will struggle, squirm and claw my way to freedom. What ever it takes I will be no slave to Obama's state!
17 posted on 11/05/2012 2:21:40 PM PST by Monorprise
[ Post Reply | Private Reply | To 9 | View Replies]

To: SeekAndFind

Thank you Bronco Bama!


18 posted on 11/05/2012 2:39:23 PM PST by null and void (Day 1385 of the Obama hostage crisis - Barack Hussein Obama an enemy BOTH foreign AND domestic)
[ Post Reply | Private Reply | To 1 | View Replies]

To: quietly desperate
That study compared disposable (after tax) income.

Of course the Swedes get a lot back from their taxes that Americans do not, so the actual standard of living is higher than the disposable income would imply.

19 posted on 11/05/2012 3:01:59 PM PST by pierrem15 (Claudius: "Let all the poisons that lurk in the mud hatch out.")
[ Post Reply | Private Reply | To 7 | View Replies]

To: SeekAndFind

Pathetic and hart breaking but true. And no doubt things are going to get much, much, worse in the next four years if the voters don’t make the right choices tomorrow.


20 posted on 11/05/2012 3:17:49 PM PST by Mad_as_heck (The MSM - America's (domestic) public enemy #1.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Seems strange that many here are taughting this list as an example of Obama’s failure given he is pushing us towards socialism and the list toppers are all socialist. Personally I prefer freedom over any list, just making an observation.


21 posted on 11/05/2012 3:48:02 PM PST by douginthearmy
[ Post Reply | Private Reply | To 1 | View Replies]

To: quietly desperate

If Sweden were a US State, it would be the poorest state in the union

22 posted on 11/05/2012 3:51:33 PM PST by fishtank (The denial of original sin is the root of liberalism.)
[ Post Reply | Private Reply | To 6 | View Replies]

To: SeekAndFind

But hey we are #1 for the highest business tax in the world!


23 posted on 11/05/2012 5:20:28 PM PST by unixfox (Abolish Slavery, Repeal The 16th Amendment!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

most of the countries listed are,
oil exporters
mineral exporters
or
tax cheats.

which are good gigs if you can get them


24 posted on 11/05/2012 5:48:06 PM PST by RockyTx
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

World Happiness Report 2012: Scandinavian Countries Are Happiest On Earth.

The 158-page report, published by Columbia University’s Earth Institute, w

All are one race christian nations.

I am always puzzled by the lefts promoting them.


25 posted on 11/05/2012 11:10:08 PM PST by NoLibZone (If the black experience is about being hated, I know more about it than Whoppi does I'm a Republican)
[ Post Reply | Private Reply | To 1 | View Replies]

To: NoLibZone

Actually Scandanavian countries have the highest rates of athiesm and socialism in the world bar north korea.


26 posted on 11/06/2012 12:35:05 AM PST by Cronos (**Marriage is about commitment, cohabitation is about convenience.**)
[ Post Reply | Private Reply | To 25 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson