Monday, February 13, 2006

More on the European Welfare State

It doesn't look good according to Fareed Zakaria of Newsweek.

If present trends continue, the chief economist at the OECD argues, in 20 years the average U.S. citizen will be twice as rich as the average Frenchman or German. (Britain is an exception on most of these measures, lying somewhere between Continental Europe and the U.S.)

1 comment:

Old Math said...

Europe is joining the third world in more ways than one.