Tuesday, November 16, 2010

Europe Embraces Free-Market Reforms

by Marian L. Tupy

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.


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