Just last month, the US was booted down to fourth place in global competitiveness after many years of reliably holding the number one position (though it had also slipped to second in 2009). Part of the reason for its marked drop was “the government’s ability to avoid meddling in the private sector” and the fact that is has become “a wasteful spender.”
As it turns out, Transparency International is equally aware of the US’ tarnished record. Last year, it ranked 19th on the Corruption Perceptions Index with a score of 7.5. Already, it was a showing hardly worth writing home about, and this year the nation couldn’t even fair that well.
From The Wall Street Journal:
“The U.S. scored a 7.1 on the new Transparency International index, its worst showing in the index’s history. The score is down...