In past posts (World Index of Economic Freedom), we have underscored the effect of a country's legal and regulatory environment on its citizens' well being. Now the Economist reports that the United States' is set to decline:
The comparative attractiveness of America's business environment is set to decline over the next five years as a result of mounting financial and macroeconomic risks, increased protectionism, security concerns and strained international relations. The Economist Intelligence Unit's business environment rankings for 2008-12 show America falling to ninth position, the lowest the country has placed since the launch of the business environment rankings in 1997.I wonder if this is a related to the Democrats' likely success in the next election? (Equality vs. incentives: US tax reform, Taking from top 1% to give to the top 2-25%, Antitrust priorities of the next administration?) Or it is a function of the Republicans' stewardship of the government?