By Fareed Zakaria
Conservative think tank the Heritage Foundation has a new index of economic freedom out – and Canada, Switzerland and Denmark (all with universal health care, it’s worth noting) rank higher than the United States.
The index, based on ten components of economic freedom including fiscal freedom, financial freedom, property rights and government spending, places five countries in its “Free” category – Hong Kong, Singapore, Australia, New Zealand and Switzerland. The United States, which comes in at 10, is described as “Mostly Free.”
The full index – which has North Korea propping up the list, followed by Cuba and Zimbabwe – can be viewed here.