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Becoming Europe

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Becoming Europe

Economic Decline, Culture, and How America Can Avoid a European Future

Encounter Books,

15 мин на чтение
10 основных идей
Аудио и текст

Что внутри?

The US risks Europe’s disease: welfare reliance, big spending and less productivity.

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Editorial Rating

6

Qualities

  • Well Structured
  • Overview

Recommendation

Samuel Gregg, the research director of a conservative think tank, brings both facts and philosophical concepts to support his thesis that America is in danger of becoming more like Europe in terms of economics and social welfare – and that, he says, is a very bad thing. Europe’s growth rates have been declining in a process associated with welfare, public spending and vast bureaucracies like the European Commission, but, as always, analysis confronts the difficulty of going from correlation to causation. What seems like a manifestation of social pride to many Europeans is, to Gregg, a contagion. Imbued with a moral passion for free market principles, he relies on thinkers from Erasmus to Tocqueville for his intellectual underpinnings, though society has changed quite a bit since they first shared their views. Although Gregg understands just how different European nations are from each other, he still relies on the scare story of a single Europe for his central thesis. His solution is to make government smaller and to rely on private spending and charity to take up the slack. Though always politically neutral, getAbstract finds that Gregg clearly articulates the conservative point of view for those who wish to understand it more fully.

Summary

The Perils that America Faces from Europe’s Social Model

The 2008 financial crisis was so profound and shocking that it led many Americans, including former Federal Reserve Board chief Alan Greenspan, to wonder whether the free market system had deep flaws after all. Europeans complained about America’s laissez-faire, unregulated capitalism. But when the US government decided to save ailing banks and car makers, and pushed ahead with “Obamacare,” many Americans felt that something unusual was happening – an expansion of the state’s role on an almost European scale.

In the years after the crisis, many European nations did oddly un-European things, such as reducing public spending and striving to cut deficits, usually with an expression of regret that these were unfortunate, untypical and undesirable policies. Amid these complex reactions to troubled times, many Americans felt that their nation was becoming more like Europe. The dilemmas, on both sides of the Atlantic, highlight the extent to which culture and values influence economic issues.

Many academics have toiled over defining the cultural differences between Europe and America and the resulting economic...

About the Author

Samuel Gregg directs research at the Acton Institute, a conservative research and educational institution. He wrote On Ordered Liberty and Economic Thinking For The Theologically Minded.

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