05 September 2007

Not so free market capitalism

Right wing libertarian think tank the Cato Institute has released its annual index of economic freedom and it's not such good news for the advocates of unfettered markets and opponents of socialism. The top ten:

1) Hong Kong - Communist
2) Singapore - free market
3) New Zealand - socialist market economy
4) Switzerland - socialist market economy
5) Canada - socialist market economy
6) United Kingdom - socialist market economy
7) United States - non-socialist market economy
8) Estonia - socialist market economy
9) Australia - socialist market economy
10) Ireland socialist market economy

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