Rank nations according to whether they are closer to the capitalism end or the communism end of the economic spectrum. Then rank nations according to human rights protections. Finally, rank nations according to per capita income. Without question, citizens of those nations closer to capitalism enjoy a higher standard of living and a far greater measure of liberty than those in nations closer to communism.
— Walter Williams, from “Academic Elites” in The Schwartz Report, Volume 47, Number 5, May, 2007