The good news is that America has stopped sliding in economic freedom. The bad news is that we’re stalled as Earth’s twelfth-freest economy.
The Heritage Foundation and the Wall Street Journal have just released their 21st annual Index of Economic Freedom. Once again, it finds the U.S.A. wheezing significantly behind the five most unfettered markets: Hong Kong, Singapore, New Zealand, Australia, and Switzerland. Among 178 nations rated on ten different economic metrics, from government spending to free trade, the bottom five are Eritrea, Zimbabwe, Venezuela, Cuba, and — dead last — North Korea.
Since 2010, America has missed the list of “free economies.” Instead, this country is “mostly free,” behind No. 11 Denmark and ahead of No. 13, the United Kingdom.