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View Diary: Krugman: "The Competition Myth" (292 comments)

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  •  Right you are. Currently reading "Were You Born (5+ / 0-)
    Recommended by:
    alizard, neroden, Dirtandiron, ohmyheck, laker

    On the Wrong Continent?" by Thomas Geoghegan. In it he compares the U.S. to Germany, and we lose on almost every count. From their work councils to their boards that must be 50 percent workers, to their fairly robust social safety nets, Germany is a much stronger economy than ours. And they're the second-biggest exporter in the world (China passed them just recently). As Geoghegan points out, the more socialist policies they put in the more competitive they seem to become.

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