USA No Longer Freest Country

Long a symbol of economic prosperity, America for the first time no longer ranks among the top 10 free nations of the world, according to The 2005 Index of Economic Freedom, just released by the Heritage Foundation and the Wall Street Journal.

“The United States is resting on its laurels while innovative countries around the world are changing their approaches and reducing their roadblocks,” said Marc Miles, a co-editor of the book, along with Ed Feulner and Mary Anastasia O’Grady. “The U.S. is eating the dust of countries that have thrown off the 20th-century shackles of big government spending and massive federal programs.”

The top 10 countries are: Hong Kong, Singapore, Luxembourg, Estonia, Ireland, New Zealand, U.K., Denmark, Iceland and Australia, followed by Chile.

[Sources: Heritage Foundation, NewsMax]
[Via: Business Opportunities Weblog]

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