According to the Heritage Foundation — The United States of America is not the leader in global Economic Freedom any longer.
The chart is based on Heritage’s definition of Economic Freedom:
Economic freedom is the fundamental right of every human to control his or her own labor and property. In an economically free society, individuals are free to work, produce, consume, and invest in any way they please, with that freedom both protected by the state and unconstrained by the state. In economically free societies, governments allow labor, capital and goods to move freely, and refrain from coercion or constraint of liberty beyond the extent necessary to protect and maintain liberty itself.
I think many of us know the reasons America is economically “less free” in 2010. Massive government debt, incredible growth in public sector jobs and decline in private sector jobs, un-Constitutionally mandated healthcare, increased taxes on the middle class & small businesses.
Another sad legacy of President Barack Obama and the Congressional Democrats. Hopefully it is not un-doable.