AlterNet /
By Jeremy GantzAmerica, There Is a Better Way: It’s Called Germany
What anemic America can learn from Europe’s export-happy engine and largest social democracy.July 23, 2010 |
Nearly two years after the financial crisis brought the U.S. economy to its knees, more than 20 million Americans are either unemployed or underemployed and Congress can barely extend jobless benefits. Republicans propose the same old nostrums--tax cuts--while President Barack Obama burnishes his deficit hawk credentials. Nearly everyone in power appears content to return to the status quo, circa 2007, with a few tweaks in place.
Even worse, alternatives to U.S.-style capitalism -- and its attendant inequality, poverty and instability -- are harder than ever to glimpse, as the sovereign debt crisis across the Atlantic distracts U.S media and politicians, once again, from the impressive achievements of European social democracies. That's a shame, because if we can't imagine a better world, our political and economic status quo appears inevitable and uncontestable, much to the benefit of those in power.
Thankfully, we have Thomas Geoghegan's new book
Were You Born on the Wrong Continent?: How the European Model Can Help You Get a Life (The New Press, 2010) to remind us that things like tax cuts for the wealthy, a healthcare system controlled by corporations and privatized retirement schemes are not inevitable.
The book's central mission--to detail a more humane form of capitalism -- couldn't be more relevant to overworked Americans quietly thinking to themselves, there has to be a better way. Indeed, there is: Contrary to apocalyptic U.S. news articles, European-style social democracy is not about to go extinct. Dig a little deeper and you'll discover that Europe is not an undifferentiated mass of debt, socialist profligacy and unemployment.
Germany's unemployment rate is 7.5 percent, below the U.S. rate. In fact, during most of the last decade, Germany was either the world's top exporter or tied for the top spot with China. Yes, a nation of 82 million people outcompeted the United States (307 million) while paying in full for the perks of social democracy. Or, as Geoghegan likes to say, Germans are beating Americans "with one hand tied behind their backs." ..............(more)
The complete piece is at:
http://www.alternet.org/vision/147560/america%2C_there_is_a_better_way%3A_it%E2%80%99s_called_germany/