The Heritage Foundation just gave the U.S. its worst Index of Economic Freedom rating since the index was first published in 1995. Forbes mentioned two factors that have caused the diminution of economic freedom in the U.S. “One is the rise of modern socialism,” he said. Regulators more and more tell you what you can and cannot do.”The reach of the regulatory state has increased enormously this century. “These proposed bans in Europe and now the U.S. are indeed part and parcel of a planned, modern socialist economy,” says Forbes. “The Supreme Court has been making — and will be making — decisions that will aid in the battle against the administrative state,” Forbes says.

Source: Forbes April 24, 2023 11:11 UTC