William Pfaff: Why Europe should reject U.S. market capitalism

[rodeodance]

good aricle:

http://www.iht.com/articles/2006/04/28/opinion/edpfaff.php
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> William Pfaff TMSI
William Pfaff: Why Europe should reject U.S. market capitalism
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> SATURDAY, APRIL 29, 2006
> PARIS The specter of Anglo-American market capitalism dominated France's student unrest in March and April, and motivated popular rejection in France a year ago of the proposed new European Union constitution.
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> The election that has just given Italy a fragile center- left coalition, and recent conflict in German industry, involved the same question: how to remodel national economies, or whether to remodel them at all.
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> Advocates of the new model capitalism, and the globalization project that goes with it, like to present it as an expression of historical necessity, rooted in classical economics and embodying irrefutable laws. It is progress itself, they say. Those who do not conform to the rules of modern market capitalism, and do not offer the human sacrifices of lost employment and diminished living standards that the market demands, will fall by the wayside of history.
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> This is simply untrue, although most of those who say it undoubtedly believe it.
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> The new American and British market capitalist model, which dictated deregulation of industry and privatization of state enterprises in the 1970s, and globalization of international markets in the 1990s, exists as a result of free political decisions and ideological choices that were anything but inevitable. History may one day describe them as having been perverse and socially destructive........
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[NJCher]

1. what an excellent article!

I've saved it and will also use it as a term paper idea for students.

This article is well worth the read!




Cher

[rodeodance]

5. best part: It did not have to happen--it was NOT inevitable!

[madrchsod]

2. history doesn`t have to wait

the description is already written.

[Vidar]

3. Superb formulation of what's wrong with suicidal capitalism.

[Briar]

4. The US and UK

should reject it too.