To supplement the theory and history of capitalism, we now provide data on more and less capitalistic economies. Which are most open to entrepreneurship? Most respectful of property rights? Wealthiest? Least corrupt?
Doing Business (World Bank’s ease or difficulty index for 190 economies):
The index measures ease of Registering Property, Starting a Business, Getting Electricity, Getting Credit, Dealing with Construction Permits, Enforcing Contracts, Trading across Borders, and more.
The top 10 easiest places to do business are (1) New Zealand, (2) Singapore, (3) Hong Kong, (4) Denmark), (5) South Korea, (6) United States, (7) Georgia, (8) United Kingdom, (9) Norway, and (10) Sweden.
Countries ranked in the bottom half include Argentina (126), Zimbabwe (140), Algeria (157), Haiti (179), Venezuela (188).
With the exception of Georgia, the most capitalist-friendly nations are in the top 20% wealthiest. The most anti-capitalist economies are among the poorest.
The top ten most economically free countries are: (1) Singapore, (2) New Zealand, (3) Australia, (4) Switzerland, (5) Ireland, (6) Taiwan, (7) United Kingdom, (8) Estonia, (9) Canada, and (10) Denmark. The United States ranks 20th.
All of the most-capitalist economies scored higher on the rule of law—protection of property rights, judicial effectiveness, and government integrity—as well as in the financial freedom category, which includes measures of banking efficiency and degree of independence from government interference in the financial sector.