(RTTNews) - The United States fell to fourth position from second in the global competitive ranking, the Global Competitiveness Report 2010-2011, released on Thursday by the World Economic Forum showed. Switzerland topped the list, followed by Sweden and Singapore.
Both Switzerland and Sweden are Social Democracies with extensive state involvement in the economy, dominant leftist parties, cradle to grave social safety nets and rich, comfortable and happy populations with more personal freedoms and rights protections then most aggressively capitalist countries.
When will people stop believing the disastrous myth that right wingers are the ones who are good for the economy?
Update, from my friend Anup the actual detailed rankings. (PDF)
We're number ten! Wooo!