Anglo-Saxons
Outside Anglophone countries, both in Europe and in the rest of the world, the term "Anglo-Saxon" and its direct translations are used to refer to the Anglophone peoples and societies of Britain, the United States, and other countries such as Australia, Canada and New Zealand – areas which are sometimes referred to as the Anglosphere. The term "Anglo-Saxon" can be used in a variety of contexts, often to identify the English-speaking world's distinctive language, culture, technology, wealth, markets, economy, and legal systems. Variations include the German "Angelsachsen", French "Anglo-Saxon", Spanish "anglosajón", Portuguese "Anglo-saxão", Russian "англосаксы", Polish "anglosaksoński", Italian "anglosassone", Catalan "anglosaxó" and Japanese "Angurosakuson". As with the English-language use of the term, what constitutes the "Anglo-Saxon" varies from speaker to speaker.
Anglo-Saxon model
The Anglo-Saxon model or Anglo-Saxon capitalism (so called because it is practiced in English-speaking countries such as the United Kingdom, the United States, Canada, New Zealand, Australia and Ireland) is a capitalist model that emerged in the 1970s based on the Chicago school of economics. However, its origins date to the 18th century in the United Kingdom under the ideas of the classical economist Adam Smith.