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America's descent down the ladder of economic freedom is unsettling, in itself. More troubling, however, is the chief factor behind the US decline. The biggest drop in US economic freedom has been in the country's legal structure. The report notes that, "increased use of eminent domain to transfer property to powerful political interests, the ramifications of the wars on terrorism and drugs, and the violation of the property rights of bondholders in the auto-bailout case have weakened the tradition of strong adherence to the rule of law in United States."
The rule of law has long been the foundation of America's economic prosperity and liberty. The US ranking in this area has plummeted to a terrible 36th place in the world. This, combined with increased regulation is stifling US economic growth. The report observes, "[t]o a large degree, the United States has experienced a significant move away from rule of law and toward a highly regulated, politicized, and heavily policed state."
a reply to: 727Sky
The article does speak about the rule of law which if you don't have it, equal for all, evenly decided, for everyone, then IMO, there really is no way but down.
increased use of eminent domain
originally posted by: Snarl
a reply to: 727Sky
increased use of eminent domain
This is the direct, above board, in full public view approach. The way they got the bulk of my property was far dirtier than that. I saw another guy recently post a story rather similar to mine. I'll put up a thread when the dust clears, but that may be years from now.
The rankings of other large economies in this year’s index are Japan (23rd), Germany (28th), South Korea (33rd), France (58th), Italy (79th), Mexico (91st), Russia (98th), Brazil (103rd), India (110th), and China (115th).
The rankings (and scores) of other large economies in this year’s index are the United Kingdom, 12th (7.85); Germany, 19th (7.68); Japan, 33rd (7.50); France, 40th (7.38); Italy, 83rd (6.85); Mexico, 94th (6.64); Russia, 101st (6.55); Brazil, 102nd (6.51); India, 111th (6.34); and China, 123rd (6.22).
originally posted by: AugustusMasonicus
originally posted by: crazyewok
At least in my industry due to the mountain of anti Drug and and Anti terrorism laws.
RV meth lab?