Becoming Europe
Economic Decline, Culture, and How America Can Avoid a European Future
by:
Samuel Gregg
Summary:
The book examines the economic and social policies of Europe, highlighting the challenges of over-regulation, welfare dependency, and declining innovation. It warns against the United States adopting similar policies, advocating for free-market principles to foster economic growth and maintain American prosperity.
Key points:
1. Welfare State Impact: Gregg claims Europe's economic slump is due to its large welfare state, which leads to high taxes, stifles growth, and increases debt.
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