US Economy Less Free than Hong Kong’s

Hong Kong, now controlled by (kind of) communist China, has a freer economy than the United States, says a new report:

Hong Kong remains the world’s freest place to do business while the United States has lost its claim to an unrestricted economy, according to an annual report published Wednesday…

Canada pushed the US from the top seven economies deemed to have an entirely free economy due to “notable decreases in financial freedom, monetary freedom, and property rights,” the report said.

“The US government’s interventionist responses to the financial and economic crisis that began in 2008 have significantly undermined economic freedom and long-term prospects for economic growth,” the report said. 

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