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World Bank: America lousy place to do business

Monday, October 24, 2011 22:56
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Business sucks in America according to The World Bank

The World Bank has released its annual report, Doing Business listing the best countries in the world for people to start a new business.

America no longer makes the Top 10.

Each month government policy is killing more businesses

Countries that made the list

What countries are the most “business friendly” in the world?

How about communist China’s Singapore and Hong Kong. Or former USSR states Georgia and Belarus? The defunct Soviet countries are way up near the top.

World Bank on starting US business: forget it

Perhaps the biggest surpriseand biggest warning to America to get its act straightis the inclusion of the African country of Rwanda on the list. The formerly war torn nation made it to the business friendly Top 10 list for a second year in a row.

Rwanda’s moving up too: in 2010 it was ranked ninth; in 2011 it’s reached eighth.

According to Inc. Magazine’s assessment of the reasoning behind Rwanda making the top 10 list two years in a row, “The World Bank study points out that Sub-Saharan Africa has been making massive efforts to reform economic hurdles for businesses, and Rwanda ranking within the top 10 for starting a business is proof. The country has recently instituted some electronic processes for starting a business, boosting entrepreneurship.”

US $100 today is worth only $4.35 in 1913 dollar benchmark

America’s governments are making American’s poorer

While other countries are making it easier to start and operate businesses, America has done just the opposite. That’s led to business failures and increasing unemployment. Today half of working Americans are now making less than $10 an hour.

“Brother can you spare a trillion dollars?”

America’s standard of living is falling, its net worth shrinking, and middle class contracting.

So what The World Bank study reveals more than anything else is how far the U.S. has fallen in a relatively short span of time…

Read more SPECIAL REPORT: America no longer in top 10 for starting a business

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