number six
(Bloomberg) -- The U.S. lost its position as the world's most competitive economy to Switzerland as budget and trade deficits prompted a slide to sixth in the World Economic Forum's annual rankings.From Bloomberg
Sadly, not surprising. This is the result six years of economic policy set by people who think that supply-side economics is capitalism and anything else is godless socialism.
Re: number six
The United States remains in the leading position in competitiveness, ahead of Germany and Finland.The United States’ strength is greatest in the business environment, including domestic rivalry (rank 1 on “intensity of local competition” and “effectiveness of antitrust policy”), financial markets (rank 1 on “venture capital availability,” “local equity market access,” and “financial market sophistication”), and innovative capacity (rank 1 on “university/industry research collaboration,”“company
R&D spending,”“local availability of specialized research and training services,” and “quality of scientific research institutions”).
didn't know if u got to read the whole report. its not exactly all bad news.
Re: number six
I read the whole article. It it were just bad news, or was somehow suspect; I wouldn't post it. What I find disappointing are the phrases like "The country's overall competitiveness was also undermined by increasing doubts about the effectiveness and trustworthiness of its political leaders"