Money Mania, By Country

The Economist lies about Russia, it has beef with France, and in general it is far more useful as a barometer of Anglo-Saxon elite opinion than as a good source of objective information on the real world. Nonetheless, it does have the occasional gold nugget, and even one gold vein – its Daily Charts blog.

After all, one can rarely argue with cold, raw statistics, and opinion polls.

Above is a chart from early April about the importance Europeans attach to being rich. It’s funny the extent to which it confirms almost every relevant stereotype in the book (in general, the act of stereotyping is very much maligned, but that’s for another post). Russians and Ukrainian gold-diggers, oligarchs, mafia. Israel – Jews LOL. Greeks have a reputation for being a very mercantile people. Czechs are individualists, so it makes sense that they’re high up there too.

At the other end of the scale, you have the Scandinavian countries that operate under the self-effacing principles of Jante Law, and the French with their rich anti-capitalist intellectual traditions and love for existentialist philosophy. In the middle we have quintessentially bourgeois nations such as the UK, and Germany – they love themselves some money, but Protestantism has long encouraged them to be low-key about it.

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