It is the smallest independent state on earth. Its ruler, last of the absolute monarchs by divine right, is also its only permanent citizen. It boasts no natural resources. It must import all of its energy, labor, food, and building materials. It lacks a Times Square, on moral grounds, but it has its own Wall Street and Fleet Street, its own license plates, currency, postage stamps, and passports; it could charter its own airline and has run a merchant marine under its own flag. There is no government...