USA Adopting Europe’s Welfare System?
Katrin Bennhold contends that, as the world’s economic elite gather in Davos for the annual World Economic Forum, there is decidedly less Europe-bashing than in years past. After the global financial shake-out of the past year, she wonders, “Could Europe’s much-reviled social welfare system actually end up being the model for the 21st century world?”
My New Atlanticist response piece, “Europe’s Welfare System Model for USA and China?,” argues that this is incredibly unlikely, concluding, “While market shocks and financial crises are quite painful, capitalism has been berry, berry good to us, giving us the most powerful economy economy and the fastest growing economy, respectively, on the planet.”
Much more analysis at the link.