Part 3/17:
This success is attributed primarily to "politics," not merely economic factors. The speaker emphasizes that a free economy depends on a free society, which in turn hinges on a stable and participatory political structure. The Magna Carta of 1215 is pinpointed as a cornerstone of this development—a document that was initially revolutionary but was soon tempered into a more conservative version that entrenched the idea of governance answerable to the governed.