Europe’s Reagan Revolution

The Global Guru, 2007 Archives, Nicholas Vardy wrote,

A specter is haunting Europe -- the specter of the Reagan revolution. Europe -- both Old and New -- has felt the aftershocks of the Reagan revolution more than even its greatest supporters could have ever predicted. While anti-Americanism has reached fever pitch as never before, the economic policies of European governments are increasingly echoing those of the man most universally despised in Europe. Thirty years after the launch of Margaret Thatcher's free market revolution, even socialist Sweden is starting to abandon its much vaunted Nordic model. France's surrender to Reagan was uncharacteristically late. Yet there is little doubt that the election last Sunday of Nicolas Sarkozy as French president is yet another nail in the coffin of the European welfare state. Continued at the Global Guru...