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.
Without exception, the most economically free nations are in the top 20% wealthiest.
Capitalism is strongly correlated with healthy governance and lower corruption, and the least-capitalist nations are the most corrupt.
Of the ten most-capitalist economies in the Doing Business Index, all except Georgia are in the top 10% of least-corrupt nations. Georgia is in the top 40%.
Of the ten most economically-free countries in the Heritage Index, all are in the top 15% least-corrupt nations.
The United States ranks 25th, a little behind France and a little ahead of Taiwan.
China (less capitalist) vs. Hong Kong (more capitalist) (World Bank):
出生時の平均寿命:76歳 vs 85歳
失業率、合計(総労働力人口に占める割合)(モデルILO推定値)。4.4 vs. 2.8
65歳以上の人口、男性(男性人口に占める割合)。10.0%対17.1
65歳以上の人口、女性(女性人口に占める割合)。11.9%対16.7
死亡率、女性、成人(人口1,000人あたり)。61.1 vs. 33.6
死亡率、男性、成人(人口1,000人あたり)。95.1 62.6
一人当たりGDP(2010年の恒常的な米ドル)。7,752.6 vs. 38,781.8
粗死亡率(人口1,000人あたり)。7.1 vs. 6.3
North Korea (less capitalist) vs. South Korea (more capitalist) (World Bank):
出生時の平均寿命:72歳 vs 83歳
失業率、合計(総労働力人口に占める割合)(モデルILO推定値)。3.3 vs. 3.8
65歳以上の人口、男性(男性人口に占める割合)。6.7%対12.3
65歳以上の人口、女性(女性人口に占める割合)。11.9% vs. 16.5%
死亡率、女性、成人(1,000人あたり)。97.1 vs. 32.9
死亡率、男性、成人(人口1,000人あたり)。164.1 vs. 80.5
一人当たりGDP(恒常2010米ドル)。- vs. 26,761.9
粗死亡率(人口1,000人あたり)。9.0 vs. 5.6
乳幼児死亡率(人口1,000人あたり)。13.7 vs. 2.7
Chile (more capitalist) vs. Venezuela (less capitalist) (World Bank):
出生時の平均寿命:79.9歳 vs 72.2歳
失業率、合計(総労働力人口に占める割合)(モデルILO推定値)。7.2 vs. 8.4
65歳以上の人口、男性(男性人口に占める割合)。10.0% vs. 6.5
65歳以上の人口、女性(女性人口に占める割合)。13.0% vs. 8.0%
死亡率、女性、成人(1,000人あたり)。65.4 vs. 88.1
死亡率、男性、成人(人口1,000人あたり)。106.1 vs. 188.9
一人当たりGDP(2010年の恒常的な米ドル)。14,170.9 vs. 9,013.4
粗死亡率(人口1,000人あたり)。5.8 vs. 6.2
乳幼児死亡率(人口1,000人あたり)。6.7 vs. 16.8
Compiled by Stephen Hicks and Andrei Volkov, 2021.