If Sweden were a US State, it would be the poorest state in the union
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 ...
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.
But hey we are #1 for the highest business tax in the world!
most of the countries listed are,
oil exporters
mineral exporters
or
tax cheats.
which are good gigs if you can get them
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.
Actually Scandanavian countries have the highest rates of athiesm and socialism in the world bar north korea.
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