The U.S. is no longer tops as the world's most competitive economy. The Swiss beat us out. We're still number two, but how about this description:
The WEF study named African countries Zimbabwe and Burundi as the world's least competitive economies.
In the case of Zimbabwe, the WEF noted the complete absence of property rights, corruption, basic government inefficiency as well as macroeconomic instability as fundamental flaws.
Hmm, sounds like Illinois.
P.S. OK, maybe I should have highlighted the property rights line as well. Radley Balko, Reason, "Hold On to Your Assets: The Supreme Court reviews Illinois' awful asset forfeiture law."
More: The Gathering Storm. Capitol Fax.
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