The United States isn’t just gliding towards a continental European-style future of vast welfare systems, economic decline, and massive debts – it is accelerating towards it at full speed. Or as Acton Institute research director Samuel Gregg puts it in his excellent new book published today [January 8] by Encounter, America is already “becoming Europe,” with the United States moving far closer to a European-style welfare state than most Americans realize.
The American Interest spins a further tale of woe, citing an 11.8 percent unemployment rate for the 17-nation Eurozone. Pity Spain: they have a 27 percent unemployment rate. Yes, you read that correctly: 27 percent. And young people (those under 25) are especially hard hit: 24 percent unemployment in the E-zone, with over 50 percent unemployment for young people in Spain and Greece.
Is it too late for America to reverse course? Read “Becoming Europe” by Samuel Gregg.