And I chose those nations deliberately because I used them as examples in this clip from a recent interview.
For example, the Nordic nations have a lot of economic liberty and are only slightly behind to the United States, which is why I explained last year that if those nations are socialist, then so is America.
And there is a big gap between the Nordic nations and France. And then another big gap before getting to Greece, and also a big gap before reaching Venezuela at the bottom. Should all of those nations get the same label?
So, where do we draw the line to separate socialist nations from non-socialist nations?
If socialism is central planning, government-determined prices, and government ownership of the means of production, then the only nations that really qualify are probably Cuba and North Korea. And they aren’t even part of the rankings because of inadequate economic data.
Given this imprecision, I’m very curious to see where people think the line should be drawn.