Thursday, April 26, 2007

The British Edge

All over the world, Freedom is hailed for its positive influences and outright necessity. Of course, when we speak of Freedom, we typically reference political Freedom - things like free speech, free press, etc. However, in doing so, we omit a crucial component of the term: Economic Freedom. Recently, I happened upon the annual Index of Economic Freedom, released earlier this year by the Heritage Foundation and the Wall Street Journal, which ranks the Nations of the world in terms of their Economic freedom. Unsurprisingly, the top 7, (Hong Kong, Singapore, Australia, the United States, New Zealand, the United Kingdom and Ireland) was a clean sweep for the former British Empire; which founded economic systems based on British Capitalism in all 7 of the list-topping countries.

Indeed, Capitalism, it seems, after all these years, (and for all the vileness of its evil, Imperial, British inventors,) still works; and those Nations who are smart enough to continue implementing it do pretty well - especially when it comes to the question of that Freedom which we all value so highly.

So here's to the Adam Smiths, Milton Friedmans, Sir John Cowperthwaites, and Margaret Thatchers of the world for giving us, and maintaining, the best Economic system there ever was.

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