Tuesday, May 18, 2010

Anglo-Saxon Versus European Capitalism

This article in Le Monde tries to argue that Anglo-Saxon capitalism is no better than European capitalism. Or at least there's no proof of it. The author refers to a 2007 paper that examined compared ownership diffusion in the United States and other countries and found no difference. FLG is skeptical, but will need to read the paper. However, we have loads of data, like several decades of relatively lagging grwoth, that implies continental and blockholding systems aren't as effective as Anglo-saxon economies. They'd like to believe their touchy-feely corporatist system with its kumbaya terminology, like social partners, is more effective, but it simply isn't.

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