I went to the Falkland Islands last month. The territory is at something of a turning-point in its history. There are reserves of oil in its waters, and both British and American firms are there seeking the means to extract them economically. If they succeed, these windswept islands could end up being the richest place per capita on the planet, with a sovereign wealth fund, and occasioning even more jealousy than usual from Argentina, which still claims sovereignty of them.
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Simon Heffer is the author of High Minds: The Victorians and the Birth of Modern Britain (Random House).
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