In our current economic and political climate, many Americans are worried for the future of our country. The looming specters of aggressive government regulation, currency instability, and economic crisis have led many to think carefully about their futures.
If worst comes to worst in the United States, the best option may be to find a new home in a country that respects private property and personal freedom. Fortunately, there still exists a number of potential places to relocate around the globe.
For those interested in experiencing a new culture, Singapore is excellent option. Cost of living is higher in Singapore compared to the rest of Southeast Asia, but still competitive with the United States. The tiny nation is urban, but only a short flight or drive away from some of the world’s most beautiful beaches in the world in Thailand and Indonesia. Best of all, Singapore is an entrepreneur’s paradise.
Singapore earned second place in the Heritage Foundation’s rankings for economic freedom, meaning that the country respect’s the autonomy of the private sector and keeps taxes low. In fact, several American business leaders have moved to Singapore in recent years to lessen their tax liability.
Long famous for its lax banking regulation, Switzerland is one of the world’s best options for people seeking personal freedom. The country is among the most politically and economically stable in the world.
The Swiss currency is incredibly strong thanks to sound monetary policy, and the government’s general philosophy emphasizes staying out of private citizens’ business. Switzerland is also well known for its neutrality in international relations. Barring some truly incredible changes, the Swiss won’t be fighting any wars anytime soon.
Moving to Mexico is an attractive option for many Americans, especially those who enjoy sunshine and weekends on the beach. The drug-related violence that dominates the news is largely confined in a few areas in the northern portion of the country. Most of the Pacific coast and the Yucatan are relatively free of crime and violence, and the country as a whole is generally politically stable.
Mexico’s longstanding ties with and proximity to the United States make travel across the border fairly cheap and easy. Cost of living in Mexico is much lower than in the United States, and, at least in urban areas, it’s fairly easy to get by without speaking much Spanish. That said, running a business can be difficult in Mexico.
Government corruption and strict land ownership rules make doing business difficult. However, the political climate may be improving with recent elections. Mexico remains an acceptable option for people who want to stay in close proximity to the United States.
If Texas were a country, its closest ally would likely be Australia. The massive island nation has the lowest population density of any industrialized country, with open spaces and lots of ranches. The Australians are an independent, resourceful, and self-reliant people who share many cultural values with the United States.
Like the United States, Australia is a nation of colonists who came to the country seeking personal freedom. That ethic is still visible in Australia’s social and economic policies, which emphasize personal responsibility and a belief in the private sector. The Australian dollar trades almost even with the U.S. dollar, but cost of living is generally a bit higher than in America.
Since the Pinochet regime of the 1980s, Chile has boasted the least regulated (and fastest-growing) economy in South America. Chile is still a developing country, but it’s far more advanced than most of its neighbors. Government regulation of business in Chile is minimal and the country desires economic expansion above all else. The coastline is beautiful, the climate is temperate, and the culture is surprisingly European for Spanish-speaking nation.
Although there is a leftist undercurrent in Chilean politics, the country is ranked as among the most economically free in the world by the Heritage Foundation.
Most experts like to reassure us that it’s unlikely the United States will face a true economic or political catastrophe in the near future, but there is enough risk to justify planning ahead. For Americans who believe in personal and economic freedom, there are still good options for places to relocate internationally.