One of the most frustrating things about understanding how important freedom is lies in actually obtaining it; we go through the process of unlearning what we were taught to believe about how the government makes us better off and then ask, “Ok, so how do we go about changing things?” The problem is, unlike in a free market where we are able to improve our situation and succeed by our own efforts, political change requires that enough other people desire change as well. Even worse, there are so many institutional barriers that stand in the way of change happening. So many people benefit (if only in the short run) or perceive themselves to benefit from the status quo. These include Social Security and Medicare recipients, farmers who receive subsidies, defense contractors, state and federal employees, non-profits who receive government grants, people who receive more in income tax returns than they pay, as well as many other groups that I’m sure you can list ad nauseam.
The fact that so many people perceive themselves as benefiting from the government’s shuffling around of resources from one person to another is bad for freedom. Many people suggest that the changing of the prevalent collectivist mentalities will require multiple generations, and collapse is likely to happen before then. At least in the short run, collapses are also bad for freedom. Those of us who understand the eventual outcomes of the massive expansion of credit by central banks and the undertaking of unprecedented levels of debt by nation-states and have prepared accordingly will be targeted by those who didn’t and tax collectors ready to meet their demands. When people take a hit in their living standards, they will have little sympathy for those who do not.
Fortunately, though, there is a way to avoid the assaults on your liberty and wealth (or your quest to build it) that doesn’t require running political campaigns, voting the bums out, filing lawsuits in federal court, writing letters to your congressional “representative,” or any of the other activities people believe might change the political landscape. And you don’t need to change a single mind (except perhaps your own and anyone else you might want to take with you). It’s called internationalization.
Internationalization entails the concept of “planting multiple flags,” where one diversifies his or her sovereign risk by spreading out their activities over multiple jurisdictions. This can include living in one country, being a citizen of another, owning a business in another, and banking in yet another country. This is to make sure all of your eggs aren’t in one basket. But even more than that, it recognizes the fact that there is no one country that is the best for all of these things. The best places to live (based on your preferences) may not be the best place to own a business or bank.
A resource I have found invaluable in helping me research these topics is NomadCapitalist.com. It is run by Andrew Henderson, a man who is the real deal when it comes to being an expert in internationalization. He is a perpetual traveler who is constantly looking for the best places to live, do business, and invest. What I especially like about Andrew is how dedicated he is to helping others benefit from the knowledge that he gains during his worldly travels. He has recently started a new club called The Nomad Society, which provides information from a variety of experts on how to internationalize your life. I would highly recommend checking this club out for anyone who has any interest in internationalization.
Finally, I want to close by saying how glad I am that the option of expatriation exists. As long as it does, we have the opportunity to go where we’re treated best and say goodbye to any government that claims to own us. I admire all of you who take this route to better your lives. I hope to join you soon.