Politics

Out of context: Reply #8471

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  • TheBlueOne0

    "The Wall Street Journal reports that Europe appears on the cusp of a bona fide recovery, with France and Germany both showing decent second quarter growth, while the US is trying to pretend that "things are getting worse less quickly" is tantamount to recovery.

    Now are any of the Euro bashers about to give the EU authorities some credit? I doubt it.

    And this disparity, if it persists, points to a much deeper issue. The US chose to deregulate across a wide range of activities and let the devil take the hindmost. Europe cares more about institutional frameworks and collective outcomes. US commentators regularly describe Europe a sclerotic. But if the EU winds up delivering better growth, what justification do we have for a system that seems best at redistributing income to the top."

    http://www.nakedcapitalism.com/2…

    • You're a fool. One economic bump in the road and your already selling out? Idiot.
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