Less Economic Freedom = Fewer Jobs for Americans
Ted Bromund /
What does America’s declining economic freedom mean for you? It means that America will create fewer jobs. And that means that Americans will be poorer, as well as less free.
A statement last week by Graham Mackay, the head of SAB Miller, one of the world’s largest brewers (they make, among many other beers, Miller Lite), explains how and why this will happen.
In 1999, SAB Miller moved its headquarters to London, attracted, Mackay said, by “the liberal and predictable tax regime.” But since the mid-2000s, the UK has been losing economic freedom. In fact, in 2010, the UK fell out of the top ten for the first time, just as the U.S. dropped into the ranks of the ‘mostly free’ in the Index of Economic Freedom. The UK’s ranking has now declined for four consecutive years, and the level of economic freedom in Britain is now as low as it has been since the Index began to measure it in 1995.