Thursday, February 10, 2011

Where the Libertarians Roam

The Economist reports on a survey of people around the world with university degrees who are reasonably well-off for their age group which asked them how much they agreed with Milton Friedman that "the social responsibility of business is to increase its profits." Among the winners are the United Arab Emirates ("not surprising for a small, business-oriented country") and Japan (stakeholder capitalism fatigue?). The role of government among the countries is remarkably different: the article postulates that Sweden scores highly because the government takes care of people well enough that business doesn't need to, but China and most of the EU score much lower.

The Mises Institute, meanwhile, is singing the praises of Mauritius for having a government that has very low corruption, low tax rates, and low spending. I'm still waiting for them to discover Somalia and Somaliland.

If you want to know where they really live, here's the answer.

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