Now for those of you who think the USA has become a socialist backwater, here's another international benchmark for you.
The U.S. ranks 5th overall in the world in Ease of Doing Business, 9th in ease of Starting a Business, 6th in getting credit, 5th in protecting investors, and 8th in enforcing contracts.
Keep in mind that Republicans' only concrete ideas for creating jobs and improving the U.S. economy are: 1) cutting the federal debt; 2) cutting taxes on the rich; and 3) cutting "costly" regulations. Never mind that 1) will create more unemployment, and 2) has tried and failed throughout the 'oughts, but regarding 3), you have to ask yourself, U.S. regulations are costly compared to what country -- actually, compared to what island?
We also see Euro-socialist Denmark and semi-socialist Canada popping up in the top 10:
1 Singapore
2 Hong Kong SAR, China
3 New Zealand
4 United Kingdom
5 United States
6 Denmark
7 Canada
8 Norway
9 Ireland
10 Australia
Measuring Business Regulations
The World Bank | July 2011
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