Europe is now the land of the free (1 Viewer)

[Allan]

For those of you with Economist access this is worth a read.

The thing about Europe, the sneerers say, is that it is over-regulated. Mounds of red tape and punitive taxes mean there are no trillion-dollar entrepreneurial ventures in France or Germany to match Amazon, Google or Tesla. But that is not all Europe is lacking. Also absent from the continent are the broligarchs who sit atop such behemoths, some of whom have a tighter grip on power than on reality.

The thing about Europe: it’s the actual land of the free now

Europe’s very real problems don’t look so bad by comparison

www.economist.com

 

[ataraxia]

Yep. It's also now the land of opportunity- with more possibility of social mobility there than the US.

"Income mobility is higher (elasticities are lower) in Denmark than the US at all levels of wage and transfer income."

https://www.weforum.org/stories/2016/09/the-us-vs-denmark-is-the-scandinavian-model-best-for-social-mobility/

They are also among the happiest. Finland's former president explains why:

"I feel that the American Dream can be achieved best in the Nordic countries, where every child no matter their background or the background of their families can become anything, because we have a very good education system available to all. We have a good health-care and social welfare system that allows anybody to become anything. This is probably one of the reasons why Finland consistently gets ranked the happiest country in the world."

Bernie Sanders and AOC support the 'Nordic model,' which features robust health and social-welfare systems — one that Finland's leader calls 'the American Dream'

"We have a good health-care and social welfare system that allows anybody to become anything," Finnish Prime Minister Sanna Marin said.

markets.businessinsider.com