BUSINESS INSIDER--If there's one thing most American capitalists agree on it's that Europe's economy is a disaster. It never grows, it takes years to fire lazy employees, there's no entrepreneurialism and innovation, they tax they living hell out of you, etc.
And yet look who's recovering first?
And look who didn't even bother with a stimulus (Germany). And look whose citizens enjoy basic services that many Americans can only dream of (Europe). And look whose income inequality just hit an all-time high (U.S.)
Our free market is tuned to encourage maximum growth, maximum competitiveness, and maximum wealth for corporate owners. Europe's economy is tuned to balance growth with employment, services, and wealth distribution.
Over the long haul, the performance of Europe's stock markets hasn't been much worse than ours. Plenty of Europeans have plenty of money, and most of those who don't have any money still have decent healthcare and other social services.
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