The Heritage Foundation and Wall Street Journal have just released their 2012 ranking of nations according to economic freedom, and here are the top ten:
1 Hong Kong; 2 Singapore; 3 Australia; 4 New Zealand; 5 Switzerland; 6 Canada; 7 Chile; 8 Mauritius; 9 Ireland; 10 United States.
While still in there, the United States dropped one place from last year's 9th, and the nation continues to be further behind Canada, at least according to this index. The United States' ranking is also vulnerable, since Denmark, which came in at 11th, was behind by a razor-thin margin of 0.1 out of the potential 100 points.
The researchers classify any nation with a score above 80 as "free," but only the top five nations managed that. Both the United States (76.3) and Canada (79.9) received classifications as "mostly free."
While the United States remains the nation with the greatest degree of labor freedom, the other news is bleak, to say the least.