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The Anglo-Saxon economy has been the primary impetus for the lion's share of the industrial, economic, and technological development in the last two centuries. The world in general and Europe in particular owes the constituents of the Anglo Saxon economy a great deal of gratitude for all of the contributions it's made to their societies and economies.
An Anglo-Saxon economy or Anglo-Saxon capitalism (so called because it is supposedly practiced in English-speaking countries such as the United Kingdom, the United States, Canada, New Zealand, Australia and the Republic of Ireland) is a capitalist macroeconomic model in which levels of regulation and taxes are low, and government provides relatively fewer services.
The term Anglo-Saxon to denote the English-speaking (anglophone) world originated from the standard French idea of le monde anglo-Saxon. The term refers to a particular culture which strongly features capitalism and Protestantism. A link between Protestantism and capitalism was described by Max Weber in his observation of 19th century Germany, The Protestant Ethic and the Spirit of Capitalism.
A common usage of "Anglo-Saxon" in the English-language media relates either to the language spoken in the area which would become England, or the people of these areas, after the arrival of Germanic tribes, primarily Angles and Saxons, in the 5th century. This usage is not linked to the use of "Anglo-Saxon" to refer to modern economic models.
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