Will Growing Dependency and Erosion of Social Capital Turn America into Europe?



One of my favorite political cartoons is this Michael Ramirez gem showing President Obama following the European lemmings over the cliff of statism.
But this isn't  a laughing matter. As shown in this remarkable graph on global living standards, Americans enjoy significantly more consumption than their European counterparts.
And here’s another set of charts showing a big gap between the United States and Europe.

So the obvious question is whether we should copy the statist policies of our cousins across the Atlantic.

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