The World Economic Forum’s latest annual report on global competitiveness has some bad news for America: The U.S. has fallen from fifth to seventh in its global rankings, the fourth consecutive drop in as many years. The Wall Street Journal reports:
“In addition to the burgeoning macroeconomic vulnerabilities, some aspects of the country’s [United States] institutional environment continue to raise concern among business leaders, particularly the low public trust in politicians and a perceived lack of government efficiency,” said the WEF, a think tank that also hosts the annual meeting of global business and political leaders in the Alpine town of Davos, Switzerland.
For the past four years, the Democrats have been saying their policies are great for business. Clearly, business disagrees.The question is who knows best.