American vs European Capitalism

We can easily measure this in certain ways. Unfortunately, the American style of stark capitalism has shifted dramatically to the right in recent years, providing 2 models, one established, one new circa 1999.

2006 capitalism has produced dramatically differentiated classes of income, and raised the cost of living bar considerably. At the same time, support for public services of all kinds, including healthcare and education, have been scaled back, sometimes by as much as 25% in one spending year. Profits for corporations and the wealthy have skyrocketed, but employment levels are far down and the average salary is far down and even farther considering inflation of currency and increase in cost of living. This is definately a downward swoop for about 75% of the population, and the general support services for all but the very rich and their elite core are also down in general.

European capitalism has slowed primarily as a result of their steady business cycle and as side effects of American and Asian fluxuation and fuel competition. Their technology is advancing rapidly and at a more evenly supported and installed pace than American technology.

It may also be noted that American corporations and ruling natural monopolies have been suppressing technology that could revolutionize materialism and the social economy as a whole.

For this reason, decency, I must prefer European capitalism over American, although Eurocap is by no means perfection.