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

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Becoming Europe: Economic Decline, Culture, and How America Can Avoid a European Future
by Samuel Gregg

New!: $25.99 $17.15 (as of 01/09/2013 10:46 PST)

Economics

AWe’re becoming like Europe.” This expression captures many Americans’ sense that something has changed in American economic life since the Great Recession’s onset in 2008: that an economy once characterized by commitments to economic liberty, rule of law, limited government, and personal responsibility has drifted in a distinctly AEuropean” direction.

Americans see, across the Atlantic, European economies faltering under enormous debt; overburdened welfare states; governments controlling close to fifty percent of the economy; high taxation; heavily regulated labor markets; aging populations; and large numbers of public-sector workers. They also see a European political class seemingly unableAand, in some cases, unwillingAto implement economic reform, and seemingly more concerned with preserving its own privileges. Looking at their own society, Americans are increasingly asking themselves: AIs this our future?”

In Becoming Europe, Samuel Gregg examines economic cultureAthe values and institutions that inform our economic prioritiesAto explain how European economic life has drifted in the direction of what Alexis de Tocqueville called Asoft despotism,” and the ways in which similar trends are manifesting themselves in the United States. America, Gregg argues, is not yet Europe; the good news is that economic decline need not be its future. The path to recovery lies in the distinctiveness of American economic culture. Yet there are ominous signs that some of the cultural foundations of America’s historically unparalleled economic success are being corroded in ways that are not easily reversibleAand the European experience should serve as the proverbial canary in the coal mine.

• Rank: #24734 in Books
• Published on: 2013-01-08
• Original language: English
• Number of items: 1
• Dimensions: .0 pounds
• Binding: Hardcover
• 384 pages