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COMMENTS:
Should be interesting to see how many can deal with numbers, figures, and facts vs how many will respond with knee-jerk Nationalism.
European children are consistently better educated; the United States would rank ninth in the EU in reading, ninth in scientific literacy, and 13th in math. Twenty-two percent of American children grow up in poverty, which means that our country ranks 22nd out of the 23 industrialized nations, ahead of only Mexico and behind all 15 of the pre-2004 EU countries.
Perhaps more surprisingly, European business has not been strangled by the EU welfare state; in fact, quite the opposite is true. Europe has surpassed the United States in several high-tech and financial sectors, including: wireless technology, grid computing, and the insurance industry. The EU also has a higher proportion of small businesses than the U.S., and their success rate is higher.
American capitalists have begun to pay attention to all this. In Reid's book, Ford Motor Co. chairman Bill Ford explains that the company's Volvo subsidiary is more profitable than its U.S. manufacturing operation, even though wages and benefits are significantly higher in Sweden. Government-subsidized healthcare, child care, pensions and other social supports, Ford says, more than make up for the difference.
I think for the short term Europe will be the world economic powerhouse, but only until China becomes the big fish in probably 25 years.
by ABC on Wed Nov 17, 04 12:52pm
[+]
ABC: Perhaps ... but again, factor in lifestyle, not just gross GDP.
You make some good points in your dissertation Cathexis. I would agree that quality of life is higher in Europe, which may or may notbe to the detriment of our output. We may not have a perfect system, but we do have lower working hours and more holidays. I would have thought that those who espouse 'the family' would embrace many of the 'pro family' policies that are prevelant in Europe. In the UK we have introduced paternity leave, so yet more is being done to encourage the prevelance of 'the family' Of course everything has tobe paid for,but unlike the US, say, we in Europe do not seem to mind paying slightly higher taxes for services. The US much to be pleased with too, they do have a 'can do' attitude that many in Europe seem to lack. I guess its a question of what is important, working long hours with little or no job security or the alternatives. Im of the opinion, that people work to live and not live to work.
The EU has already surpassed the US on so many levels except military and some natural resource factors. I plan on moving into Europa in the not too distant future. Her I come with my cowboy hat and flashy clothes you euros, hahahahah snortt.
China's turn...bye honky-tonkies...
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