The United States is in imminent danger of dropping out of the Index of Economic Freedom’s “mostly free.” The Index, which has been published by the Heritage Foundation every year since 1995, ranks a total of 176 countries based on how economically free or unfree they are. The comprehensive rating is based on assessments of twelve categories of freedoms.
In the Index, countries are divided into five groups, the best of which is “free” (and includes Singapore, Switzerland, Ireland and Taiwan); the worst is “repressed” (with countries like Venezuela, Cuba, and North Korea). The index can also be regarded as a “capitalism ranking.”
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