Tuesday, January 25, 2022

The World’s Oldest Republic Reveals the Secret to Peace and Prosperity by Lawrence Reed

Very recommendable! It is about San Marino! There are a number of small and very special countries in Europe like Lichtenstein, Luxembourg, Switzerland, and San Marino.

The motto of San Marino: "Libertas" (Latin) "Freedom"

"It claims, credibly, to be home to the oldest existing sovereign state as well as the oldest constitutional republic. For most of its 17 centuries of existence, it’s been one of the freer and more tolerant of the world’s countries.
Reminiscent of the Roman Republic of more than two millennia ago, this country has not one but two heads of state. They are elected by the legislature, are coequal in their rather limited powers, and are subject to the strictest term limits in the world. Replacements are elected every six months! More women have served as heads of state in this country than in any other. ...
[officially known as the] Most Serene Republic of San Marino. It comprises just 38 square miles and about 33,000 people. ...
Another reason is its role as a haven for the oppressed. It took in many endangered people during the conflicts over Italian unification in the 19th Century. During World War II, it opened its doors to 100,000 refugees—a figure several times as large as its own population.
San Marino is not a member of the European Union, though it shares an open border with the EU and uses the Euro as its currency. ...
Today, the country’s corporate tax rate is below both Italy’s and the average across the EU, making it a favorite haven for European businesses. And it taxes capital gains at a mere five percent, a third of the US rate. In the World Bank’s “Ease of Doing Business” index, San Marino ranks an average 92 among the 190 countries ranked. Its economy is dominated by finance, manufacturing, and tourism. It is a very friendly, welcoming place. ...
The 2021 Freedom in the World Report from Freedom House ... ranks San Marino the 12th freest country in the world. ..."

The World’s Oldest Republic Reveals the Secret to Peace and Prosperity - Foundation for Economic Education It’s a place where people live and let live.



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