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US Slips to 12th in Economic Freedom

Posted on 10/13/14 at 7:33 pm
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
69264 posts
Posted on 10/13/14 at 7:33 pm
quote:

A new report of "economic freedom" around the world finds the US ranked 12th among 152 countries, tied with the United Kingdom, and lower than neighbor Canada or Australia.

The index, built on decades of research by Nobel laureates and dozens of leading scholars, measures 5 broad factors that impact the economy: 1. Size of government; 2. Legal structure and security of property rights; 3. Access to sound money; 4. Freedom to trade internationally and; 5. Regulation of Credit, Labor and Business. Countries where citizens are freer to engage in business and trade and property and legal rights are protected by the rule of law will score higher on the index. According to economic research, though, these countries will also do better economically and create and generate more wealth.

The 10 freest economies in the world are: Hong Kong, Singapore, New Zealand, Switzerland, Mauritius, United Arab Emirates, Canada, Australia, Jordan, and Chile and Finland tied for 10th.


LINK
Posted by Willie Stroker
Member since Sep 2008
12866 posts
Posted on 10/13/14 at 7:46 pm to
Jordan ranks higher than the US? That's surprising considering Heritage Foundation ranks Jordan 39th on their economic freedom list.
Posted by Jim Ignatowski
Louisiana
Member since Jul 2013
1383 posts
Posted on 10/13/14 at 7:47 pm to
FORWARD!!!!!!
Posted by genuineLSUtiger
Nashville
Member since Sep 2005
72895 posts
Posted on 10/13/14 at 7:48 pm to
Keep voting Democrat. We are almost there.
Posted by CamdenTiger
Member since Aug 2009
62395 posts
Posted on 10/13/14 at 7:50 pm to
quote:

Keep voting Democrat. We are almost there
Posted by Eurocat
Member since Apr 2004
15036 posts
Posted on 10/13/14 at 7:59 pm to
Finland? One of the biggest socialist states in the world?

Canada? I thought everybody loves to complain how socialized everything is over there.

Etc.
Posted by 2014Tigers
Shreveport
Member since Aug 2014
1063 posts
Posted on 10/13/14 at 9:26 pm to
List is shite, no read no care.
Posted by SpidermanTUba
my house
Member since May 2004
36128 posts
Posted on 10/13/14 at 11:16 pm to
quote:


The 10 freest economies in the world are: Hong Kong, Singapore, New Zealand, Switzerland, Mauritius, United Arab Emirates, Canada, Australia, Jordan, and Chile and Finland tied for 10th.


quote:


Hong Kong

Universal health care.
quote:

Singapore


Universal health care.
quote:

New Zealand

Universal health care.
quote:

Switzerland

Universal health care.
quote:

United Arab Emirates

Universal health care.
quote:

Canada

Universal health care.
quote:

Australia

Universal health care.
quote:

Finland

Universal health care.



quote:


Hong Kong

Paid maternity leave.
quote:

Singapore


Paid maternity leave.
quote:

New Zealand

Paid maternity leave.
quote:

Switzerland

Paid maternity leave.
quote:

United Arab Emirates

Paid maternity leave.
quote:

Canada

Paid maternity leave.
quote:

Australia

Paid maternity leave.
quote:

Finland

Paid maternity leave.
quote:

Jordan

Paid maternity leave.
quote:

Mauritius

Paid maternity leave.



I COULD GO ON.

Notice a pattern here? All of the nations that have more "economic freedom" than us have aspects of government that right wingers widely consider to be limiting economic freedom.
This post was edited on 10/13/14 at 11:20 pm
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
134845 posts
Posted on 10/13/14 at 11:18 pm to
Because they don't have to be the world's policemen, ambulance service, and bank as well

ETA: nice edit
This post was edited on 10/13/14 at 11:20 pm
Posted by SpidermanTUba
my house
Member since May 2004
36128 posts
Posted on 10/13/14 at 11:21 pm to
quote:

Because they don't have to be the world's policemen, ambulance service, and bank as well



So the reason we can't provide universal health care to people is because we're too busy invading Iraq?

k.

Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
134845 posts
Posted on 10/13/14 at 11:26 pm to
In part, yes. Invading Iraq, bombing Libya, sending troops to Africa to stop Ebola outbreaks, stopping genocide in the Balkans, providing relief efforts after tsunamis, looking for lost planes in the Indian Ocean, stopping pirate activity, etc. The list goes on and on of efforts that we make globally, that these people benefit from, at no cost to them.
Posted by SpidermanTUba
my house
Member since May 2004
36128 posts
Posted on 10/13/14 at 11:29 pm to
quote:

Invading Iraq, bombing Libya, sending troops to Africa to stop Ebola outbreaks, stopping genocide in the Balkans, providing relief efforts after tsunamis, looking for lost planes in the Indian Ocean, stopping pirate activity, etc. The list goes on and on of efforts that we make globally, that these people benefit from, at no cost to them.



That's not an argument I've ever heard made against universal health care. I thought we couldn't have it because its bad and evil and would destroy our economy and freedom and health care would suck. You're saying we can't have it because we are spending an equivalent amount blowing shite up. Right?


And I guess we can't have paid sick leave because the U.S. went to the Moon and we spent all the paid sick leave money for that?
This post was edited on 10/13/14 at 11:31 pm
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
134845 posts
Posted on 10/13/14 at 11:36 pm to
quote:

You're saying we can't have it because we are spending an equivalent amount blowing shite up. Right?


No, I'm saying that these homogeneous countries that are relatively isolated from the duties of a superpower have the luxury of throwing massive amounts of money into a healthcare system while not having to worry about providing large amounts of cash to directly or indirectly aid 80% of the globe.
Posted by Sentrius
Fort Rozz
Member since Jun 2011
64757 posts
Posted on 10/13/14 at 11:36 pm to
quote:

Because they don't have to be the world's policemen, ambulance service, and bank as well


Also they don't have the demographics, lack of tax bases and median income, and lack of healthy lifestyles that we do.
Posted by SpidermanTUba
my house
Member since May 2004
36128 posts
Posted on 10/14/14 at 12:26 am to

quote:

lack of tax bases


Only 3 of the nations on that list have a higher per capita income than the U.S.

quote:

lack of healthy lifestyles that we do.


Right and if we have universal health care we'll have even more unhealthy lifestyles.

68.3% of the UAE is overweight, BTW.


Posted by bhtigerfan
Baton Rouge
Member since Sep 2008
29414 posts
Posted on 10/14/14 at 12:39 am to
50% of the population on welfare
quote:

America

Posted by SpidermanTUba
my house
Member since May 2004
36128 posts
Posted on 10/14/14 at 12:53 am to
quote:

50% of the population on welfare


No.

50% of the population lives in households where one of the residents is receiving some form of government welfare.

And by the definition used to get that 50% - 100% of people in nations with publicly funded universal healthcare are on welfare!

This post was edited on 10/14/14 at 1:25 am
Posted by bhtigerfan
Baton Rouge
Member since Sep 2008
29414 posts
Posted on 10/14/14 at 1:40 am to
quote:

50% of the population lives in households where one of the residents is receiving some form of government welfare. 
Oh, that makes it so much better. Thanks for supporting my point.
quote:

If you'd like that number to change, you should support raising the minimum wage. 
Lets do a simple math test that maybe even you can pass.

Spidey is making $7.25/hr. at her shitty job because she's a moron as we all know, and the minimum wage is raised to $10/hr. As a result of the minimum wage increases across the country, prices of all goods and services will consequently rise to make up for it (cause you know those evil fricking corporations have to make a profit). So now Spidey is paying $2 more for her daily Big Mac meal, along with all the other groceries she buys. Then Spidey's sink springs a leak in her shitty house, and the plumber has to charge her $20 more than he used to because he's paying his helper more because of the wage increase. Spidey's cost of living just went up because prices went up on everything, so does Spidey really have more money now than before?

Can Spidey's feeble brain comprehend this? I doubt it.

Why do you want to raise the cost of living for everyone? Why do you hate poor people?
This post was edited on 10/14/14 at 1:42 am
Posted by roguetiger15
Member since Jan 2013
16151 posts
Posted on 10/14/14 at 3:39 am to
where the frick does healthcare get included int this index? tuba i know its tough to not be a hack but nothing in this article says free healthcare is better, in fact the indices within the index give a negative score for bigger government, which is funny because by you mentioning big government in this article it's backfired on your in a fabulous way.

quote:

he index, built on decades of research by Nobel laureates and dozens of leading scholars, measures 5 broad factors that impact the economy: 1. Size of government; 2. Legal structure and security of property rights; 3. Access to sound money; 4. Freedom to trade internationally and; 5. Regulation of Credit, Labor and Business.


btw the bigger the government, the worst your index score. It plainly states the biggest reason why we have dropped is


quote:

The biggest drop in US economic freedom has been in the country's legal structure. The report notes that, "increased use of eminent domain to transfer property to powerful political interests, the ramifications of the wars on terrorism and drugs, and the violation of the property rights of bondholders in the auto-bailout case have weakened the tradition of strong adherence to the rule of law in United States."


quote:

This latest report is a sobering look at the scale of challenges facing the US. Curtailing government's leviathan isn't simply solving a math problem, i.e. getting revenue and spending figures for government to balance. A far larger threat is the accumulation of thousands of rules and regulations that not only stifle innovation but also undermine our personal and property rights.
This post was edited on 10/14/14 at 3:43 am
Posted by bhtigerfan
Baton Rouge
Member since Sep 2008
29414 posts
Posted on 10/14/14 at 7:16 am to
quote:

btw the bigger the government, the worst your index score. It plainly states the biggest reason why we have dropped is 
Trying to reason with this twit is like trying to play chess with a chimp.
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