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.
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.