https://blossom-espelhator.girino.org/b4ee8ca87958747588e7bdca1fc7dfe3989cbf3f645b080077947f3bca0b57dc.jpg

Regardless of the research, ask which socialist economy outperforms a similar free-market orientated economy.

Taiwan vs. mainland China
Chile vs. Venezuela
Estonia vs. Russia
Singapore vs. India

Which of these countries have a higher living standard is clear. But what makes their economy relatively more free?

It's mostly these factors:
1. Size of government
2. Regulatory burden
3. Monetary Policy
4. Trade
5. Rule of Law/Property Rights

See also: an overview of economic freedom per country
https://www.heritage.org/index/pages/all-country-scores

Source: https://www.facebook.com/photo/?fbid=1293793572776403