Report: US government inaction is hampering economic growth

The U.S. political system, tax code, health care system, public schools, regulation and infrastructure are now all viewed as weaknesses for the economy, according to surveys of Harvard Business School alumni, students and the public compiled in the annual report .

The report defines competitiveness as being characteristic of an economy that enables companies to succeed in domestic and international markets while raising living standards for average people.

Fully 46 percent, according to the report, held no opinion about infrastructure spending, a vital need touted by both Hillary Clinton and Donald Trump on the presidential campaign trail.

Majorities failed to register any opinion on creating a sustainable federal budget, fixing distortions caused by trade, rewriting the corporate tax code or streamlining regulations for businesses.