Euromoney publishes a semi-annual “Credit Risk Rating” of 185 sovereign countries.
In their latest publication, from March 2010, eight of the top 10 are “European socialist welfare states,” as they are commonly referred to as.
Rounding out the top 10 are: Norway, Luxembourg, Switzerland, Denmark, Finland, Sweden, Austria, Canada, the Netherlands, and Australia.
Hong Kong and Singapore didn’t make the cut, despite being seen as among the most economically free countries, as one 2010 report ranked them.
Canada continues to buck old perceptions of being less economically free and successful than the U.S., by being ranked more economically free by the conservative Heritage Foundation’s 2010 Index of Economic Freedom, and more tax competitive for business, by Big Four accounting firm KPMG in their 2010 report.
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I went to that site and couldn’t make hide nor hair of it. Unless the BS is presented real simple. Well, I guess I only think in large concepts (simple concepts?). That’s why I gave up after writing some simple arithmetic programs when Grandpa gave me a computer back in 1983. He was one of those guys that always bought the latest consumer technology. I will say that after some thought I’ve concluded that “socialism” is being used in reference to “rules that don’t apply to everyone the same” or maybe vice versa, in spirit. One thing I do know, the economies of every country on this planet are being controlled by some very unscrupulous people, unless they are using community issued currency. Nobody is doing that to its full extent because of the lack of judicial and law enforcement support. Everyone is equal (capitalism), or they need to be equalized (communism). If everyone is equal, we issue ourselves currency. If everyone is unequal, we let private bankers loan currency at usury. Imagine, the earners that borrow get to use what they purchase while the earners that sold to the borrower get to invest and earn interest. Win win, no bank. Eat it Karl.