Tuesday, January 20, 2009

What Obama Can Learn From "Old Europe"

As America's new President takes office, Steven Hill of the New America Foundation looks at "Old Europe" for inspiration. "While its critics have derided Europe as a land of 'creeping socialism,' in fact Europe has more Fortune 500 companies than the U.S., China, or Japan," Hill writes. "Like the U.S., Europe is fighting to pacify the rising economic floodwaters."

Yet, "Something about Europe and its 'social capitalism' seems particularly well-suited to this make-or-break century challenged by a worldwide economic slump, global warming and new geopolitical tensions. Team Obama would do well to take notes."

A refreshing voice, in a country often too prompt to dismiss European -- or anyone else's -- ideas and initiatives. More here + The Last Model Standing is France by BoA's chief European economist.
illustration via Google Images