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      U.S. Is No Longer Among The 10 Most Prosperous Countries

      2 years ago

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      U.S. Is No Longer Among the 10 Most Prosperous Countries

      Money Talks News
      By Karla Bowsher November 6, 2015 3:30 PM

      Ten countries have now become more prosperous than the United States.

      The U.S. is ranked No. 11 in the latest annual Prosperity Index, which was released this week by the Legatum Institute, an international think tank based in London.

      The index ranks 142 countries overall and in eight categories:

      • The economy
      • Entrepreneurship and opportunity
      • Governance
      • Education
      • Health
      • Safety and security
      • Personal freedom
      • Social capital

      The Legatum Institute states that its index is unique in that it’s based on both income and well-being:

      Prosperity is more than just the accumulation of material wealth, it is also the joy of everyday life and the prospect of an even better life in the future.

      Norway came in No. 1 overall for the seventh consecutive year. According to a Legatum pressnews release:

      Norway comes out on top due the freedom it offers its citizens, the quality of its healthcare system and social bonds between its people.

      The Scandinavian country had its highest ranking in the social capital category (No. 2), with 94 percent of people saying they can rely on friends and family in times of need. It had its lowest rankings in the safety and security category (No. 8) and the governance category (No. 8).

      Overall, the United States fell one spot this year. Its highest ranking was in the health category (No. 1) and its lowest ranking was in the safety and security category (No. 33).

      Nathan Gamester, director of the Prosperity Index at the Legatum Institute, states in the news release:

      “The Prosperity Index tells us that human progress goes beyond economics. Norway and other countries at the top of the Index provide opportunity and freedom to their citizens, access to quality healthcare and education, and provide safe environments for people to flourish in.

      “By contrast, those countries or regions of the world where people feel unsafe, where they are forced to flee from their homes, and where the education and healthcare systems are failing do not provide prosperity to their citizens.”

      The countries that made the top 10 based on their overall scores this year are:

      1. Norway
      2. Switzerland
      3. Denmark
      4. New Zealand
      5. Sweden
      6. Canada
      7. Australia
      8. Netherlands
      9. Finland
      10. Ireland

      What do you make of 10 countries now outranking the U.S. on the Prosperity Index? Sound off inour Forums. It’s the place where you can speak your mind, explore topics in-depth, and post questions and get answers.

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      19
          Mykolai Mike Kolesinski
          2 years ago

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          This is a total no brainer.

          What do the top ten countries have in common?

          They are, most of them, run on more socialist systems. For wealth to grow it must be shared. If you allow rampant inequality to thrive, and massive de-regulation of financial services, the supply of money is going to POLARISE.

          The major exception here is Switzerland, which has achieved its position by sucking in many of the world's largest corporations who choose to benefit from low corporate tax: Amazon, Starbucks, etc.. Pay no large corporate taxes. Switzerland instead pulls large local taxes from the premises (some of which are just small offices with one person and a phone), which is little more than a place marker for their multinational corporate entities.


          The Scandinavian countries provide high quality free education. Finland even invites all foreigners to free University education. This fosters a culture of excellence, and promotes Finland world-wide as such.

          Compare the dreadful and neglected austerity USA.

          Bernie is your answer

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          15
              Lestari Ningratna Sari
              2 years ago

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              No, and I don't know why. I would have thought that Japan, Taiwan or South Korea might have made it in there somewhere, wouldn't you?

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                      Mykolai Mike Kolesinski
                      2 years ago

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                      Absolutely, one cannot but agree with all of the above conclusions. Health services, education, security, allocation of money, anything what makes life and standard of living is far from being the highest in USA today than in many other industrial countries. Rely on friends and family in time of need. Few people would even consider that. Not because friends and family are not good enough, but because they can't afford to render help. They have no long time security and therefore they have to set money aside for the time when the rainy day is in. The rainy days are more prevalent than in previous generation. Tomorrow is for sure uncertain. Like that institute statistics research says, prosperity goes beyond the income index. The arguments of people who never lived, worked in at least one of the above countries are just that the arguments, and unsubstantiated at that. One doesn't need the data from the Legatum institute to know that this is a fact.

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