Posted on 09/18/2013 6:31:34 PM PDT by Navy Patriot
Russia has climbed 10 places since 1995 in a global ranking of economic freedom, while the United States has fallen 13 spots over the same period, according to a report from a Canadian public policy think-tank released Wednesday.
Russia ranked 101st out of 151 nations, up 10 places from 1995 and 12 places better than its ranking in 2000, in the “Economic Freedom of the World” report, compiled by Canada’s Fraser Institute.
After ranking as the world’s third freest economy behind Hong Kong and Singapore for most of the two decades from 1980-2000, the United States began to lose ground as the new millennium began. The report blames the slippage on “overspending, weakening rule of law, and regulatory overkill on the part of the US government.”
“Once considered a bastion of economic freedom,” the United States now ranks 17th in the world,” says the report, which was compiled using data from 2011. The current US ranking puts it 13 places lower than its 4th-place ranking in 1994, and 15 lower than in 2000, when it ranked second overall.
(Excerpt) Read more at en.ria.ru ...
All the progressives rub their hands and say “eeeexcellent”.
How much longer will the World want dollars?
Yeah, how about since January of 2009?
Conservatives have a cure for each of those. Give us a chance America!
The Won caused the most damage, but Rats in power always erode financial freedom no matter when.
Not much longer.
The 2009 report had the US at number 6...
http://www.freetheworld.com/2009/reports/world/EFW2009_BOOK.pdf
Only as long as the Gulf States sell oil for dollars. The moment that stops the dollar collapses.
I want my country back. I want all of these commies out TODAY!
I wanted 'em out in 1956.
Let’s extrapolate those two trends and see when Russia might be more economically free than the US. Shouldn’t be long...
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