Hong Kong Ranks No. 1 in Economic Freedom: Any Correlation to Happiness & Creativity?

According to Heritage Foundation, Hong Kong is number 1 in economic freedom! I usually take research findings or policies coming out of conservative think tank Heritage Foundation with more than a grain of salt. But I did find Richard Florida's analysis to see if there was any correlation between economic freedom and other measures of progress such as happiness, tolerance and income equality interesting. Check out the graphs in his 19 April 2010 The Atlantic article: Free, Tolerant & Happy.

According to his graphs, there is a positive correlation between "life satisfaction" (based on data from Gallop) and economic freedom. Interesting to note, however, that Hong Kong rates its life satisfaction below the other top 10 economically-free countries. Same for creative class, but again, Hong Kong's creative class is smaller than all the other top 10 countries except for Chile. I can't find Hong Kong on the income inequality graph.

 Source: Richard Florida, The Atlantic

So why is the economic freedom to happiness/creativity correlation weaker for Hong Kong than the other top 10 countries (Singapore, Australia, New Zealand, Ireland, Switzerland, Canada, United States, Denmark and Chile)?