Posted By Casey Harper On 5:06 PM 08/18/2015 In | 7 Comments
The U.S. was ranked 17th in 2008, but a steady decline of economic freedom and “rule of law” has dropped the level of freedom, according to the Cato Institute, Fraser Institute and the Swiss Liberales Institut, which created the study together.
Co-author of the report Ian Vasquez told The Daily Caller News Foundation that the steady growth of government and increased regulations of business and labor contribute to the U.S. low rating.
“Since the year 2000, the U.S. has been on a decline in terms of economic freedom,” Vasquez told TheDCNF.
Also, the increased use of eminent domain is factored in as a violation of property rights.
The other indicators used to make the list were security and safety, movement, religion, association, assembly and civil society, expression, relationships, size of government, legal system and property rights, access to sound money, freedom to trade internationally, regulation of credit, labor and business.
Based on those measures, here are the top 25 countries.
2. Switzerland
3. Finland
4. Denmark
5. New Zealand
6. Canada
7. Australia
8. Ireland
9. United Kingdom
10. Sweden
11. Norway
12. Austria
12. Germany
14. Iceland
14. Netherlands
16. Malta
17. Luxembourg
18. Chile
19. Mauritius
And then finally..
20. United States
Just after the U.S.,
21. Czech Republic
22. Estonia
22. Belgium
24. Taiwan
25. Portugal
“The U.S. performance is worrisome and shows that the United States can no longer claim to be the leading bastion of liberty in the world,” Vasquez wrote.”In addition to the expansion of the regulatory state and drop in economic freedom, the war on terror, the war on drugs, and the erosion of property rights due to greater use of eminent domain all likely have contributed to the U.S. decline.”
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Note: An earlier version of this article incorrectly stated that the U.S. was ranked 17th in 2014.
Article printed from The Daily Caller: http://dailycaller.com
URL to article: http://dailycaller.com/2015/08/18/united-states-drops-in-overall-freedom-ranking/
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