"Countries with typically high levels of government involvement in the economy, such as Sweden, Denmark and Canada, do not appear to have experienced stifled economic growth relative to countries where government involvement is more limited, like the US," according to a report by Stewart Partners.
Indeed, "many socialized governments provide critical support for business growth, including first class infrastructure built by the public sector, retraining of workers and public education systems that result in better-prepared workforces, comparative to the US."
This shouldn't come as a surprise, I mentioned it back in July 2010: "On four broad categories of economic freedom -- (1) legal structure and security of property rights; (2) access to sound money; (3) freedom to trade internationally; and (4) regulation --. the United States was slightly 'freer' than Sweden, the United Kingdom, Austria, Finland, and Switzerland. Meanwhile, Ireland, the Netherlands and, by a wide margin, Denmark were found to have freer markets."
See for yourself in the annual report on Economic Freedom of the World by the libertarian, Koch-funded CATO Institute to see how countries measure up.
Just remember: there is not a clear correlation between economic freedom and the relative size of the government's role in the economy.
By Alex Wagner
June 20, 2011 | Huffington Post
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