Sunday, December 16, 2012

U.S. Falls Off Top Ten in Prosperity List

Small Business Trends reports:

The London-based Think Tank Legatum Institute recently offered empirical evidence of what many Americans have been thinking lately. Our national well-being is slipping.
Over the past four years, prosperity has increased around the globe, while it has remained stagnant in the United States, the Legatum Institute reports. As a result, the Institute ranked the United States 12th out of 142 countries on its 2012 Prosperity Index, putting the country outside the top ten for the first time.
The article goes on to note that the reason for the decline is due to a decline in entrepreneurship, which is, in turn, from a reduction in Americans' expectation that hard work can get them ahead.

I think this is a change that has long been coming. It was the obvious consequence of a nation that has moved to a permanent political and economic over-class. 

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