The Intangible Wealth Of Nations

Ron Bailey has an interesting piece at Reason about why the US is wealthy, exploding many leftist myths about exploitation and overconsumption of resources, slavery, etc. One point that I think should be added is that, while rule of law is important, if many of the laws are dumb and economically counterproductive, it’s probably better to have less adherence to them than more.

I’d be interested to see a take on this from an Anglosphere perspective.