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Wednesday, September 19, 2012

Canada Rises to Top Five in World Economic Freedom Ranking as U.S. Plummets to 18th

The United States now trails the entire Anglosphere in economic freedom.  If the Kenyan is reelected, we suspect there will be a large migration north.  Anyone headed to Kamloops?

A Canadian flag waves in front of Parliament Hill in Ottawa, February 15, 2011. Chris Roussakis/QMI Agency

Canada has taken its place among the Top 5 countries with the most economic freedom, according to a new Fraser Institute report — now leaps and bounds ahead of the United States thanks to the gradual shrinking of the Canadian government since the mid-1990s as America’s just got bigger.

The annual Economic Freedom of the World report, released Tuesday, has Canada tied in fifth place with Australia — up one spot from last year. Hong Kong remains at the top, Singapore’s next, then New Zealand.

Meanwhile, the United States, once a “standard bearer” of economic liberty among industrial nations, spiralled 10 spots from the 2011 rankings to 18th place — its lowest position ever, and a huge drop from its second place spot in 2000.

Read the rest of this entry at National Post >>

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