Tuesday, May 27, 2014

Krugman: How American Capitalism Fails—and Northern European 'Socialism' Succeeds—at Job Creation


Paul Krugman wrote his column this morning in the New York Times from Europe, a place which—conservatives like Paul Ryan would like you to believe—demonstrates the complete failure of the welfare state.
That’s because, as Krugman points out, “Our political discourse is dominated by reverse Robin-Hoodism — the belief that economic success depends on being nice to the rich, who won’t create jobs if they are heavily taxed, and nasty to ordinary workers, who won’t accept jobs unless they have no alternative.”
France, a country that the American media and conservatives particularly love to bash, is having particular success in employment rates. Krugman reports this “startling, little-known fact: French adults in their prime working years (25 to 54) are substantially more likely to have jobs than their U.S. counterparts.”… alternet.org

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