US now fourth on WEF competitiveness scale

posted at 4:15 pm on September 11, 2010 by Ed Morrissey

I’m tempted to chalk this up to Obamanomics, as Investors Business Daily does, but Barack Obama isn’t the only reason the US has started sliding down the World Economic Forum’s competitiveness charts.  The erosion of private-property rights began long before Obama moved into the White House,although he has certainly sped up the process.  That’s the real underlying problem noted by the WEF:

The United States now ranks fourth among all nations in competitiveness, down from first just two years ago. Not surprisingly, it’s government — not business — that’s to blame. …

Why did we lose our spot at the top? Broadly speaking, the Geneva-based forum report cites “a weakening of the United States’ public and private institutions, as well as lingering concerns about the state of its financial markets.”

The group stressed that the U.S. remains innovative with a flexible labor market and outstanding higher education. But its soaring deficits, burgeoning debts and declining public confidence in the nation’s leaders and businesses are dragging it down. Finding a way to end the massive federal stimulus of the last two years will help boost U.S. competitiveness, the WEF also said.

The report doesn’t come right out and say it, but it might as well: Not only is Obamanomics not working, it’s doing material damage to America’s economic well-being.

It certainly hasn’t helped that under Obama and Democrats, government has grown more confiscatory and intruded farther into private markets.  ObamaCare is the best example, but the proposed cap-and-trade system would have been worse, impacting every single home and industry directly with higher costs that eventually transfer massive amounts of capital back to Washington.  There, Congress would have put itself into the task of picking winners and losers in energy markets instead of allowing the markets to work that out for themselves — in other words, using the competitive pressures of markets determine outcomes rather than political cronyism.  That goes to the heart of competitiveness, and shows why we’re declining.

But that is really a symptom of a deeper ill, as Business Insider noted earlier in the week:

Take property rights. They’re at the essence of US capitalism. Last year, according to the WEF’s survey of executives, the US was the 30th best country. This year we’ve fallen to 40th.

And you’ll be stunned at the countries that our better than the US.

If readers aren’t stunned by the nations listed, then they’ll be stunned by the length of the list, at least.  No one will be terribly put out to see Canada (10), Austria (9), or Switzerland (1) ahead of the US.  But what about Saudi Arabia (28)?  China (38)?  Jordan (30)?  The US got edged out by Gambia, which relies on foreign aid to deal with high unemployment and underemployment, according to the CIA factbook.

If we want to improve our economy, we need to improve our competitiveness.  If we want to improve competitiveness, we need to protect property rights and get the federal government out of the redistribution business.  Property rights are the first rights mentioned in the Constitution (Article I, Section 8) for a reason.  It’s the basis of prosperity and opportunity, and also the basis of a free, self-governing people.  Falling behind China in property rights should be a national embarrassment, and a reminder of just how far we have traveled from our founding principles.  And that journey didn’t start with Barack Obama, even if he’s been busy hitting the accelerator.


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If we want to improve our economy, we need to improve our competitiveness. If we want to improve competitiveness, we need to protect property rights and get the federal government out of the redistribution business.

Its downright embarrassing that after 9 years, there is still now tower in lower Manhattan.

ladyingray on September 11, 2010 at 4:18 PM

“You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity. What one person receives without working for, another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is the beginning of the end of any nation. You cannot multiply wealth by dividing it.”

Adrian Pierce Rogers (September 12, 1931 – November 15, 2005), was an American pastor, conservative, author, and a three-term president of the Southern Baptist Convention (1979-1980 and 1986-1988).

Schadenfreude on September 11, 2010 at 4:23 PM

Elections have consequences….. the anti-Christ is well on his way to destroying the Republic. Thanks you moron liberals and odumbobots. Your grandchildren will thank you as well. They’ll be fluent in Chinese and Spanish.

ultracon on September 11, 2010 at 4:23 PM

“You can not fail if you resolutely determine that you will not.” -Abraham Lincoln

Schadenfreude on September 11, 2010 at 4:25 PM

The enviormentalists play a heavy part in the private property issue.

a capella on September 11, 2010 at 4:26 PM

All according to plan for the democrat party. They won’t stop till we are neck and neck with N. Korea.

Inanemergencydial on September 11, 2010 at 4:27 PM

Falling behind China in property rights should be a national embarrassment…

It is. Even more so than having BO as president.

fesofee on September 11, 2010 at 4:27 PM

It’s been fun, really!

artist on September 11, 2010 at 4:28 PM

Falling behind China in property rights should be a national embarrassment

Having a president as a national embarrassment sort of trumps everything else…

karl9000 on September 11, 2010 at 4:28 PM

Elections have consequences….. the anti-Christ is well on his way to destroying the Republic. Thanks you moron liberals and odumbobots. Your grandchildren will thank you as well. They’ll be fluent in Chinese and Spanish.

ultracon on September 11, 2010 at 4:23 PM

We fell to 6th place at one point under Bush.

crr6 on September 11, 2010 at 4:29 PM

It is. Even more so than having BO as president.

fesofee on September 11, 2010 at 4:27 PM

ACK! I got slow fingers…

karl9000 on September 11, 2010 at 4:29 PM

US now fourth on WEF competitiveness scale

But we still lead in the WTF scale, right ??

macncheez on September 11, 2010 at 4:31 PM

Crr and unemployment will be at 9.5 an higher for a good while the deficit was quadrupled by Obama . Have fun paying for it idiot.

CWforFreedom on September 11, 2010 at 4:31 PM

We fell to 6th place at one point under Bush.

crr6 on September 11, 2010 at 4:29 PM

Which point?

fesofee on September 11, 2010 at 4:32 PM

We fell to 6th place at one point under Bush.

crr6 on September 11, 2010 at 4:29 PM

It’s not Bush or Obama, it’s the stupid moochers/looters and their elitist plantation masters, from all sides. You know well where you fall. May you reap the results. You will think of this, when it’s too late. Utopian idealistic idiocy will get you.

Schadenfreude on September 11, 2010 at 4:34 PM

We fell to 6th place at one point under Bush.

crr6 on September 11, 2010 at 4:29 PM

Which point?

fesofee on September 11, 2010 at 4:32 PM

We

On the competitiveness scale.

crr6 on September 11, 2010 at 4:34 PM

We fell to 6th place at one point on the competitiveness scale under Bush.
That clears that up.

Inanemergencydial on September 11, 2010 at 4:36 PM

On the competitiveness scale.

crr6 on September 11, 2010 at 4:34 PM

At what point during Bush’s presidency did this occur?

fesofee on September 11, 2010 at 4:37 PM

The US would rank a lot higher in that list if there was a way for Sebelius to cut off their funded for listing us so low.

pedestrian on September 11, 2010 at 4:37 PM

On the competitiveness scale.

crr6 on September 11, 2010 at 4:34 PM

At what point during Bush’s presidency did this occur?

fesofee on September 11, 2010 at 4:37 PM

2006.

crr6 on September 11, 2010 at 4:38 PM

“Abolish the 22nd Amendment and I can get you there even faster!” – Barry O.

Mo_mac on September 11, 2010 at 4:39 PM

We have a “president” who’s playing for another team, any team, but ours.

What country in history has ever elected a “president” who has ever vowed to (for all intents and purposes) subordinate his own people to others?

Never.

And that’s the history this worthless jackass has made, not his irrelevant skin hue.

Anyone who voted for this “president” got what they wanted.

He promised to harm our country and he has.

Anyone who voted for this scourge on America should swear of voting for Democrats for the next several lifetimes to atone for their stupidity.

NoDonkey on September 11, 2010 at 4:40 PM

If we want to improve our economy we need to remove Barack Hussein Obama from office.

Key West Reader on September 11, 2010 at 4:41 PM

I wish Obama were our only problem.

The US is weighed down by regulations, lawsuits, taxes, an entitlement mentality, grievance politics, corruption, crony capitalism, distorted economics caused by farm, home and education subsidies, a malignant national news media, and by a large population of adults who never grew up. And many of the rest of us contribute to the problem by tolerating all of this.

Kohath on September 11, 2010 at 4:43 PM

Frankly I’m having a hard time getting upset about this. Considering some of the countries ahead of us, if I had to move to some of them to get these so-called rights, I’m not going. I’ll stay here and deal with it. lol

jeanie on September 11, 2010 at 4:44 PM

And that journey didn’t start with Barack Obama

I would offer Thomas Woodrow Wilson, 28th President of the United States as the culprit. But he didn’t achieve the slide by himself. And as I’ve stated elsewhere, it’s not economic, it’s spiritual.

oldleprechaun on September 11, 2010 at 4:44 PM

oldleprechaun on September 11, 2010 at 4:44 PM

Bingo!

Inanemergencydial on September 11, 2010 at 4:45 PM

People who pay no taxes should not be allowed to vote. Period.

Key West Reader on September 11, 2010 at 4:49 PM

Your grandchildren will thank you as well. They’ll be fluent in Chinese and Spanish.

ultracon on September 11, 2010 at 4:23 PM

I certainly hope so, since their great-grandparents were. Call me a conservative.

DarkCurrent on September 11, 2010 at 4:50 PM

Pundits are predicting the loss of the House and maybe even the Senate to the Republicans, and polls are showing a level of disenchantment among voters that is bordering on despair. Nearly two-thirds of respondents to an NBC News/Wall Street Journal poll said they believe the country is in a state of decline.

A full two-thirds said they are no longer confident “that life for our children’s generation will be better than it has been for us.”

People feel that the country is going to hell, that the system itself has broken down, and President Obama and the Democrats have been unable to assuage that awful feeling.

Schadenfreude on September 11, 2010 at 4:51 PM

This once great Republic is being driven towards a Marxist utopia by Obama and his leftist regime.

rplat on September 11, 2010 at 4:56 PM

Re property rights, Bammie raped the Chrysler bondholders and stole auto dealerships from some owners because they were the wrong color. I am surprised we are not lower on the list.

slickwillie2001 on September 11, 2010 at 4:57 PM

This once great Republic is being driven towards a Marxist utopia by Obama and his leftist regime.

rplat on September 11, 2010 at 4:56 PM

Bush started it!
-crr6omrade

Inanemergencydial on September 11, 2010 at 4:57 PM

Obama is a real solo flier.

Except, he doesn’t know how to fly.

Obama should have seen earlier on that the economic hard times would force him to defer parts of his agenda, and put job creation out front.

This will slaughter the left, and should, Eleanor’s fantsies, aside. I love it when she and hers are delusional.

Schadenfreude on September 11, 2010 at 4:58 PM

No one will be terribly put out to see Canada (10), Austria (9), or Switzerland (1) ahead of the US. But what about Saudi Arabia (28)? China (38)? Jordan (30)?

The federal government have slowly been encroaching on property rights for decades, but it is escalating at a fever pitch under the current regime. I’m a bit surprised by some of the countries that do better than us, but not shocked. We need to take our country back from the statists and socialists who have occupied congress for far too long. Until the American people get fed up with them and have a quiet revolution against the status quo at the voting booth, we are going to be stuck with more of the same.

simkeith on September 11, 2010 at 5:11 PM

I’m not the least bit surprised about the property rights erosion. I’d hesitate to even use the term “private property” in places like Maryland and New Jersey and suburban areas around large cities elsewhere in the country. the problem is mostly local zoning, but there are piles of state and federal regulations causing the problem too.

If you want to develop a piece of property for say a small convenience store here’s what you have in front of you: Planning/zoning (good chance of getting shot down by NIMBYs right of the bat). and don’t count on the ZHB to stick to the letter of the law. If there is opposition, they will find an excuse to reject your project. If fortunate, you can get through this in a few months (after several hearings and professional fees for attorneys and professional engineering etc). Then there’s the somewhat redundant “land development” process (called “site plan” in MD where it’s particularly onerous and time consuming). Severla more months of professional services and hearings. Then you have to carry the plans around for all the various offices to sign and notarize, and then yoiu have to record them. the person at the recorders office will find something wrong, in which case you start over with the signatures on a re-printed re-stamped drawing. In the meantime you need SHPO (state historic preservation office) approval. You usually will need to hire professional environmental engineer to prepare reports including all eligiable historic sites etc and other surveys. the office then eventually analyzes the reports and issues a rejection or notice of no significant impact. Sometimes they do some serious foot dragging on issuing anything (especially if they are “understaffed” do to cutbacks, meanwhile your money keeps flowing out the door as you wait. And then there’s the environmental studies. Again pay a pro to go do a survey and issue a report. If there is any indication there may have been any contamination in the past, then you go to actual phase-2 soil testing. If you find anything it’s usually better to cancel plans to develop the property or you will get stuck with the remediation costs. (one project I worked on got canned after 5 months and thousands of dollars because a little creosote had leached out of railroad ties and into the soil – project stopped – land still derelict – thanks to environmental idiocy. Same reason old gas stations are rarely redeveloped. Anyway, if your still reading, this is just a thumbnail of the stuff that needs to be done to be granted permission from the ruling class vogons to use your own property.

Keep an eye on what your local municipality passes as far a zoning goes. It could significantly impact what rights you have left on your own property. the state and federal stuff too, but that’s a little harder to influence.

forest on September 11, 2010 at 5:14 PM

It’s Obammunism … As soon as the cause is gone, it will be fixed quickly.

If in doubt, vote the D’s out.

tarpon on September 11, 2010 at 5:18 PM

Obama should have seen earlier on that the economic hard times would force him to defer parts of his agenda, and put job creation out front.

Newsflash: The collapse of America’s economy IS Obama’s agenda.

logis on September 11, 2010 at 5:19 PM

I want to tell those who are wanting to get elected, r’s, you better dang do what you tell us you will do to stop this bho, team, and the dc bunch! My, your, our Republic is so under seige since this bho got elected, it will take many, many years to help us. I want to repeat what I said before r’s, you better get to it and stat!
L

letget on September 11, 2010 at 5:26 PM

PLAN OBAMA right on target and derailing America for sinister forces to take over that last bastion of freedom

ELMO Q on September 11, 2010 at 5:33 PM

Newsflash: The collapse of America’s economy IS Obama’s agenda.

logis on September 11, 2010 at 5:19 PM

He will fail then, he will be emasculated in November and will resign in disgrace in 2011.

The beginning of the end of the worst president in American history.

Real Americans need to start planning for the aftermath, the massive mistake that was Obama will soon be water under the bridge.

After November – time to move on and to prosper.

NoDonkey on September 11, 2010 at 5:49 PM

Give Obama another term and Gambia won’t be the only African country making us look bad.

abobo on September 11, 2010 at 5:55 PM

Ranking 1st in competitiveness 2 years ago by the WEF and after 2 years of Obamanomics we are 4th. If the demorats are allowed to exist unrestrained for the next 2, then it is obvious that life as we have known it will be adversely effected to the point where we may never regain the freedoms we have fought and died for.America has to wake up and realize what the danger the demorats represent to every American, and in turn, the world.

volsense on September 11, 2010 at 5:55 PM

If you think property rights are in trouble now, look what’s headed our way: Social Engineering Bill In Senate Will Force You Into City:

According to the non-profit American Policy Center the bill:

* Is a blueprint for the transformation of our society into total Federal control.
* Will enforce Federal Sustainable Development zoning and control of local communities.
* Will create a massive new “development” bureaucracy.
* Will drive up the cost of energy to heat and cool your home.
* Will drive up the cost of gasoline as a way to get you out of your car.
* Will force you to spend thousands of dollars on your home in order to comply.

petefrt on September 11, 2010 at 5:57 PM

I’m tempted to chalk this up to Obamanomics, as Investors Business Daily does..

..I sure as hell am not!

The War Planner on September 11, 2010 at 6:44 PM

On foxnews.com two stories=U.S. poverty on track to post record gain under this bho. U.S. backs 1B loan to mexico oil drilling, but closes the gulf. Now what do y’all think this bho has in store for our Republic?
L

letget on September 11, 2010 at 6:45 PM

..not tempted to lay this at that Pantload’s feet, that is!

The War Planner on September 11, 2010 at 6:47 PM

By the way, seen any stories in the old media about the homeless tent communities that have been springing up? They call them Obamavilles, and there’s plenty of them out there, they just don’t get covered under a democratic president.

slickwillie2001 on September 11, 2010 at 6:57 PM

forest on September 11, 2010 at 5:14 PM

You just described our system and what’s depressing is that I’m in Texas! Of course, Dallas is run by a bunch of liberal, inept (but I repeat myself) morons (there I go again).

The environmental stuff is total BS. Tell me why it is OK to keep renting an old warehouse and having a people work at the location but if you want to sell it you get sucked into all this Phase I & II crap. What land anywhere other than out in the middle of farm country doesn’t have some type of contaminant? Huge, enviro-wacko, tax & fee-grubbing SCAM.

mrsmwp on September 11, 2010 at 6:58 PM

with the ranks of working-age poor approaching 1960s levels that led to the national war on poverty.

Mr_Magoo on September 11, 2010 at 6:59 PM

We need to legalize poverty.

pedestrian on September 11, 2010 at 7:00 PM

As a business owner, if I needed advice on how to grow, market and enhance my business…. If I needed marketing advice or financial advice or human resources advice or payroll advice or investment advice or banking advice, I know the FIRST type of expert I’d consult with would be a… Community Organizer.

/Fer cryin’ out loud.

Key West Reader on September 11, 2010 at 7:01 PM

We need to legalize poverty.

pedestrian on September 11, 2010 at 7:00 PM

It’s not just legal… It’s where it’s at, man! This is the new way to live! I’mma get me some heath care Disclaimer: Glozelle Green is an actress.

Key West Reader on September 11, 2010 at 7:03 PM

Wondering if this poverty scare will ever bring prices of a lot of stuff down. Apparently there are significant sections of our economy(food for example)that haven’t gotten the poverty message.

jeanie on September 11, 2010 at 7:06 PM

Mr_Magoo on September 11, 2010 at 6:59 PM

Don’t believe the WH press.

Key West Reader on September 11, 2010 at 7:07 PM

Wondering if this poverty scare will ever bring prices of a lot of stuff down. Apparently there are significant sections of our economy(food for example)that haven’t gotten the poverty message.

jeanie on September 11, 2010 at 7:06 PM

Jeanie? There is no “poverty scare”. Obama is trying to impoverish our Nation and he is failing. 51 days left until this bastige is neutered. Don’t believe the Barack Obama Media. They’re out in full force.

Key West Reader on September 11, 2010 at 7:09 PM

That’s nothing, WE’RE NUMBER ONE on the WTF list for “look at the arrogant incompetents we elected”!

Lonetown on September 11, 2010 at 7:20 PM

petefrt on September 11, 2010 at 5:57 PM

The left still hanker after the grotesque socialist urban “utopia” (hell) as envisioned by Le Corbusier, already the cause of untold misery and degradation in Western inner cities:

The Architect as Totalitarian

Sharke on September 11, 2010 at 7:32 PM

Barack Obama’s Neighborhood

/So long, Mister Rogers.

Key West Reader on September 11, 2010 at 7:33 PM

Barack Obama’s Neighborhood

Key West Reader on September 11, 2010 at 7:37 PM

Hmmmm.

Oh give me a break. China? The China? Where for the last Olympics the Chinese government bulldozed entire city blocks in Beijing to make way for the Olympic stadium with zero notice to the residents?

Yeah that list is crap. News at 11.

memomachine on September 11, 2010 at 7:42 PM

Hmmmm.

@ jeanie

“Wondering if this poverty scare will ever bring prices of a lot of stuff down. Apparently there are significant sections of our economy(food for example)that haven’t gotten the poverty message.”

That’s called “deflation”. And if that happens we’re all totally and utterly screwed. Because then people will bargain hunt everything and hold off buying anything while waiting for prices to drop further.

If we see deflation hit then the bottom drops out of the economy, unemployment goes above 30% and it’s Grapes of Wrath time.

memomachine on September 11, 2010 at 7:44 PM

Owe-bama stated the following: “Think about the amount of money that China has spent on infrastructure. Their ports, their train systems, their airports are all vastly superior to us now, which means if you’re a corporation deciding where to do business, you’re starting to think Beijing looks like a pretty good option.” Our economy is in a vice grip just waiting to be set free from his claws of “progress”.

rbendana on September 11, 2010 at 8:36 PM

Last year, according to the WEF’s survey of executives, the US was the 30th best country. This year we’ve fallen to 40th.

Why aren’t GOP candidates making a big deal of this? It seems like a big fracking deal to me.

But Obama’s not a socialist, right?

BuckeyeSam on September 11, 2010 at 9:06 PM

Not to diminish the significance of the ding on USA — it does matter — but we need to keep in mind that the WEF study based its ranking of property rights performance (among other topics) on surveys of executives about their countries.

I don’t believe the US’s record on property rights is actually worse than the records of 39 other countries. And the survey done by WEF isn’t an objective comparison of those records — I’m not sure how they’d even do that. It’s a comparison of executives’ opinions about how their own countries are doing.

It doesn’t surprise me at all that American executives are very critical of US performance on property rights in recent years. They should be. I am too. But the standard we have in mind was higher to begin with than the standards expected in almost any other country. We are rightly critical when we slip from those standards, but that doesn’t actually mean we’re doing worse than the 39 countries whose executives are happier with their institutional performance.

This survey, in my view, is largely a reflection of American executives’ sense that we’re doing worse than we were. They’re right, but that doesn’t mean we are literally performing worse than dozens of countries on the graded topics. We need to reverse course, but we also need to keep perspective.

J.E. Dyer on September 11, 2010 at 9:20 PM

If we want to improve our economy we need to remove Barack Hussein Obama from office.
Key West Reader on September 11, 2010 at 4:41 PM

Tomorrow’s free. How bout then? Anyone with me?

turfmann on September 11, 2010 at 9:23 PM

The report doesn’t come right out and say it, but it might as well: Not only is Obamanomics not working, it’s doing material damage to America’s economic well-being.

It’s working. It’s working as intended.

Felonious Monk on September 11, 2010 at 9:41 PM

Its downright embarrassing that after 9 years, there is still now tower in lower Manhattan.

ladyingray on September 11, 2010 at 4:18 PM

ladyingray: Agreed,yup!:)

canopfor on September 11, 2010 at 10:04 PM

If we want to improve our economy we need to remove Barack Hussein Obama from office.

Key West Reader on September 11, 2010 at 4:41 PM

Key West Reader: Like two years ago!:)

canopfor on September 11, 2010 at 10:07 PM

US now fourth on WEF competitiveness scale

But we still lead in the WTF scale, right ??

macncheez on September 11, 2010 at 4:31 PM

macncheez: And,WTH scale as well!!!:)

canopfor on September 11, 2010 at 10:08 PM

“You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.

Sadly true story. Today my wife and I and 2 of my children stopped at a convenience store to get gas and I splurged by buying each of us a soda (we rarely due that due to the cost of soda at convenience stores). A young woman with 3 kids bought an energy drink, a Starbucks cold coffee drink, 3 kiddy sugar drinks and 5 candy bars with a food stamp debit card. On the way out of the store I was explaining to my kids why I thought the food stamp program was wrong because it allowed people to buy junk food with taxes taken from productive workers and businesses, and that people on food stamps should only be allowed to buy healthy types of foods. Well apparently the food stamp woman’s mother was parked next to us in the parking lot and began cursing me, my wife, and my kid’s, and stating “you’re all going to hell, and I’d be glad” because she had overheard my statements about the food stamp program. She went on to tell me that her daughter (and her) were “ENTITLED” to that money and they could spend it however they wanted.
Overall her over reaction to my comments was pretty sad but did serve as a very pointed and vivid example for my children about the problems with just one government program. So perhaps they can then begin to understand why government is so far over the boundaries of the constitution and should be push back from it’s current overbearing stance.

MidWestFarmer on September 11, 2010 at 10:18 PM

with the ranks of working-age poor approaching 1960s levels that led to the national war on poverty.

Mr_Magoo on September 11, 2010 at 6:59 PM

We need to legalize poverty.

pedestrian on September 11, 2010 at 7:00 PM

We should know by now that prohibition doesn’t work.

We need to tax poverty to pay for rehabilitation.

petunia on September 11, 2010 at 11:24 PM

I tend to doubt a report that puts so many countries ahead of the United States in regard to property rights and that puts two countries with deathbed demographics, Germany and Japan, right behind the United States in the overall ranking. Low total fertility may contribute to competitiveness in the short run. After all, men seem to have career advantages in lacking a uterus, breasts, and strong maternal feelings, and if women ape men by not having children and by taking jobs, a nation thereby acquires temporarily a large, docile addition to its clerical and middle-managerial workforce. However, as the workers get older and retire, and as the men die, it seems a nation must become top-heavy with old ladies, and a nation with a system of social “welfare” must become top-heavy with old ladies on the dole. On this analysis, it’s difficult to see Germany and Japan as being on a par with the United States, which although it reportedly has a demographic problem, is reported to have one much less severe than that of Germany or Japan.

Kralizec on September 11, 2010 at 11:24 PM

I have spent some time on the page for the interactive report.

http://gcr.weforum.org/gcr2010/

Unless I have overlooked it, the report’s rankings take no account of fertility. Thus, it seems women can improve their nation’s score and ranking by ceasing altogether to have children and devoting their life to their employer.

Kralizec on September 11, 2010 at 11:52 PM

http://www.foxnews.com/politics/2010/09/11/backs-b-loan-mexico-oil-drilling-despite-obama-moratorium/

gonna love this- 1 billion loan from I/E bank to Mexico to drill in Gulf.

Quote- “None of the drilling is in deep water”

So we let enviro nuts push us into deep water and now new shallow and deep water drilling are cut off in the US waters, BUT we guarantee a 1 Billion dollar loan to Mexico to drill IN SHALLOW WATER!

Brazil last year- Soros cashed in with Petrobras.
Mexico this year. Betting he cashed in here too.

Who do we loan out money we don’t have to next year while we shut our drilling down?! This is insanity.

journeyintothewhirlwind on September 12, 2010 at 12:00 AM

“Not only is Obamanomics not working, it’s doing material damage to America’s economic well-being.”

HEY…!

I have a great idea.

… Let’s elect Imam Barack Hussein Obowma as President of the United Stats!

Who’s with me…???

/

Seven Percent Solution on September 12, 2010 at 12:18 AM

The Kelo decision is a glaring example of the courts increasing disdain for private property rights. Judge Walker denying the vote of The People is a glaring example of the courts increasing disdain for the vote of The People.

Look at your bills and see who is levying your taxes besides the IRS. The FCC puts the fees on your land line phone bill. The EPA and similar bureaucracies levy fees for your used tires, batteries etc. and control how much your toilet uses per flush and how much water goes through your faucets and shower per minute. Massive gas taxes at the pump. Massive taxes on your whiskey. Cigarettes will never be banned as long as gummint can mooch more taxes off those smokers. Don’t offend the bureaucracy or your property might get labeled a “wetland.” The Founders would certainly wonder if this is the same country for which they had fought.

viking01 on September 12, 2010 at 1:04 AM

I wish Obama were our only problem.

The US is weighed down by regulations, lawsuits, taxes, an entitlement mentality, grievance politics, corruption, crony capitalism, distorted economics caused by farm, home and education subsidies, a malignant national news media, and by a large population of adults who never grew up. And many of the rest of us contribute to the problem by tolerating all of this.

Kohath on September 11, 2010 at 4:43 PM

That is worth repeating.

Let’s not forget, too, that the federal government is snatching up land in order to prevent resource development as a gift to the environmentalists.

onlineanalyst on September 12, 2010 at 1:30 AM

I think this probably comes back to the imminent domain decision by the supreme court about 4 or 6 years back. Suter wrote the opinion, and I remember my blood boiled that day. WE MUST GET THE COURTS BACK!

jeffn21 on September 12, 2010 at 1:33 AM

WEF was founded and has it’s HQ in Switzerland. So, let me guess, the number 1 & 2 slots are… hmm.. Switzerland and Sweden. Surprise. Then Singapore. Please! I wipe my buttocks with Euro economic news journals. I give this report 8 Courics.

Egfrow on September 12, 2010 at 2:21 AM

O/T: And speaking of magnificent achievements we can lay at the feet of Obamanomics: US poverty on track to post record gain in 2009

ya2daup on September 12, 2010 at 8:20 AM

At what rank does one enter the “Socialist Zone”?
‘Cause that’s what Obama is shooting for.

albill on September 12, 2010 at 8:51 AM

Falling behind China in property rights should be a national embarrassment…
It is. Even more so than having BO as president.

fesofee on September 11, 2010 at 4:27 PM

And the US finances China through Obowma’s record spending and borrowing from China.

dthorny on September 12, 2010 at 9:59 AM

Seven Percent Solution on September 12, 2010 at 12:18 AM

Noooooooooooooooooooo!@

Inanemergencydial on September 12, 2010 at 10:06 AM

Ed, no disrespect your article is right on target – who is going to rate the World Economic Freedom. However, the picture in the main listing is worthy of a caption contest.

“Hey, Tim what does this number mean? If we removed it from the report would our bottom line show a positive or negative outcome?

MSGTAS on September 12, 2010 at 10:20 AM

There are no property rights in the US. As long as government can tax and seize property, we only rent it from the government.

ronsfi on September 12, 2010 at 4:24 PM

You can blame Obama-lama-ding-dong all you want, but in all honesty, the republicans are just as bad. The only hope we have is that enough of the new houses of congress feel the same way we do that they will stampede the ruling elites of both parties to do the right thing. Just remember, most of them will also need to be voted out of office within six years. The cess pool that is Washington DC corrupts everyone, not just democrats. And don’t say term limits are the answer, that is the answer for those too damn lazy to get off their butts and vote. The only term limit these fools understand is being voted out! Do it or don’t complain.

georgeofthedesert on September 13, 2010 at 2:00 PM