Small is beautiful

Published November 2, 2015 5:01am ET



What are the two richest countries in Europe? According to the Legatum Institute, which publishes an annual prosperity league, Switzerland noses ahead of Norway. Money isn’t everything, of course. The United Nations runs a quality of life index, which also takes account of literacy, longevity, infant mortality and the like. It reaches the same conclusion: Switzerland and Norway are the best places on Earth to be born.

There has been a great deal of focus on these two chilly, mountainous lands recently. Because they are flourishing outside the European Union, Euroskeptics point to them as examples of how it pays to be a sovereign nation. Supporters of the EU, by contrast, are keen to rubbish their arrangements with Brussels, portraying them as oxpecker birds clinging to the mighty EU hippopotamus, voiceless passengers downloading Brussels laws over whose framing they have no say.

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