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Friday, October 27, 2006

Following European Policy Leads To Poverty

For those of you who embrace the European economic model of direct state involvement in business and markets, here is a report by Daniel Mitchell of the Heritage Foundation to bring you back to reality.

Mitchell writes:

While the US and Europe has

"enjoyed centuries of remarkable growth thanks to property rights, the rule of law, and minimal gov­ernment...Europe and the United States then began to move in oppo­site directions, and public policy seems to be one of the biggest rea­sons for the shift. Beginning in the late 1960s and early 1970s, politi­cians in most European nations increased the size and scope of gov­ernment. Government also expanded in America during that period, but the increase was more muted. More important, beginning in 1980, Amer­ica began to liberalize its economy and curtail the growth of government."

Check out the details and graphs. There are ample reports proving how the European standard of living is slipping, including their vaunted leisure time. One report states:

EU countries would rank with the very poorest American states in terms of liv­ing standards, roughly equal to Arkansas and Montana and only slightly ahead of West Vir­ginia and Mississippi, the two poorest states.

Remember this when you think about the public policy goals of the politicians running for office. Over the next few weeks, your vote will express your position on long-term issues that will affect you and your family's lives. Any desire for a contued high living standard in America requires you to vote for the low taxes, deregulatory, low entitlement spending candidate.

2 Comments:

At 9:17 AM, Blogger francois said...

You'd think it was a no-brainer, but many left-wing bloggers continue to massage the statistics to make it seem like copying the Europeans is a great idea.

The stats on income are pretty much undisputed and common knowledge now, at least in the blogosphere. At this point, we need to counter the specific arguments put forward by the Ezra Kleins and Matt Yglesiases of the blogosphere. Those arguments aren't really being answered effectively as of yet.

Strangely, although they'd love to copy Europe in terms of economic policy, they aren't too interested in copying Europe in terms of social policy. Europe has more restrictions on abortion than the US does. Their trials also aren't as advantageous to the accused as ours are. Then there's tort law. Try getting a multi-million dollar judgement against a company in Europe. Especially if it's a government-owned company. Fat chance.

 
At 10:08 AM, Blogger neal phenes said...

And do not forget the European surveillance of suspected terrorists. My understanding is that Abu Ghraib is a dance compared to what the Europeans do to their terror suspects. Of course, they have had more recent acts terrorism while our defenses against same have been so successful the ACLU can argue our tactics with lower political fallout.

 

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