Tuesday, November 16, 2010
Europe Embraces Free-Market Reforms
Investor's Business Daily
November 15, 2010
The American right is increasingly worried about the rise of European-style social democracy in the United States.
Conservative columnist Charles Kraut-hammer refers to President Obama's "social democratic agenda," while former House Speaker Newt Gingrich warns against "European socialism" in America.
In fact, the traditional American economic model based on small government and private initiative has been under attack for a long time.
Europe's social democracies themselves, however, are also undergoing change. While the Bush and Obama administrations may have increased the size and scope of government in the United States, a number of European countries have turned to free- market solutions.
Posted by Yulie Foka-Kavalieraki at 6:38 PM