Right. And all you have to do is ignore the fact that the GDP gap between the US and the EU has been growing steadily since 1990. Due, in no small part, to the increasing productivity gap. And due to the fact that, as large as the public sector is here in the US, it's peanuts compared to the EU - that's all dead weight that the economy is yoked to. Not to mention the demographic problems over there. If you think the Social Security/Medicare crisis is going to be ugly here, it's nothing compared to what's in store for the Euros. They're not reproducing in the kinds of numbers required to fund future entitlement programs, so the only solution is massive immigration. Well, rotsa ruck with that - hope it works out for 'em. Oh, yeah - they're really well positioned for the next century. Ha.
And America's differs how with our current problems with declining Euro-American populations and rising Latin American immigration?
Eurosocialism is as Eurosocialism does.
The 1990s will stand as a defining period in US/European economic relations. If you had predicted even as recently as the late 1980s that German auto giants like BMW and Mercedes-Benz would be opening new manufacturing facilities in the United States, people would have thought you were crazy.
The author's comments about the European Union and the United States may be technically correct, but only because he's comparing one nation (the U.S.) to a conglomeration of many nations. For this comparison to be valid, the author should include Canada and Mexico with the United States and see how they compare to the EU.