USA Drops to Seventh in Global Competitiveness Behind FIVE European Nations and Singapore

The Spiegel Online has an article about the Global Competitiveness Index recently released by the World Economic Forum which shows that the USA has dropped to seventh in the rankings behind FIVE European nations and Singapore.

See Germany Overtakes US in Global Competitiveness - SPIEGEL ONLINE.

Republican Presidential candidate Mitt Romney is barking up the wrong tree by making criticism of Europe one of the pillars of his Presidential election campaign. The inequality of wealth and income in America are far greater than in Europe and that is the problem that a man like Romney should be focusing on.

Moreover, U.S. companies like Apple should be competing on the market, rather than trying stop-gap measures in the courts to maintain their market share, which is no competitive solution long-term.