SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Mish's Global Economic Trend Analysis
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: PAST who wrote (30898)5/27/2005 12:51:01 PM
From: mishedlo  Read Replies (2) of 116555
 
From Rien on the FOOL.....

I have to agree with Roach.

I'm not happy with the way things develop in Europe, but that has different reasons. The EU economy seems to be doing fine, even if it could be better (and that is an understatement).
What most US based commentators don't see is that europe is "just different" as compared to the US. Europe does not have the capitalist structure like the US (had). We are much more into a capitalist oriented structure with a strong sauce of mutual respect between employers and employees AND a common understanding that we have to look after the weaker elements. This socialist tendency is VOLUNTARY. Which is possibly the main thing that US commentators miss. It is not as if our socialist tendency is forced upon us. However mainstream US observers invariably see this as a weakness. I think it also represents a strength, exactly because it is voluntary. Listening to US commentators, the EU would have been a third world zone by now. Remember all the fuss about the euro?, how soon it would disintegrate?. Well, here it is, and still going strong. (No, I don't like it, but it's here)

I would love to do things differently, but a snowball in hell has better chances than my idea's. The trend towards a unified europe will continue, like it or not. A no-vote or not.

Best,
Rien.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News