Tuesday, February 24, 2009

Which Countries are Economically Free

The partial list below comes from Heritage.org:

Hong Kong 90.0
Singapore87.1
Australia82.6
Ireland82.2
New Zealand82.0
United States80.7
Canada80.5
Denmark79.6
Russia50.8
Iran 44.6
North Korea2.0
Wow, America is ranked 6th. Weren't we ranked first at one time? Keep in mind this is economic freedom. What the gov't tells you what you can and can't purchase, trade or invest in. We are still totally economic free. According to Heritage.org if a country gets a score of 80 or higher you are economically free. If you are 49.9 or lower you are economically oppressed. If you live in North Korea, Iran, Cuba, and Venezuela (I can't believe the people gave unlimited term limits to that thug. Then again I wonder how much coercion and threats were involved) you basically are screwed and not in a good way. As soon as China takes over Hong Kong, its economic freedom score will be close to China's: 53.2 (mostly unfree).

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