Many Americans say the United States should follow Europe’s example: free healthcare, generous welfare benefits, protection for workers…
But what they don’t tell you is that Europe is falling behind.
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Europe’s economy once kept pace with America’s. Not anymore.
Today, the United States is 50% richer than the EU, even though Europe has 100 million more people.
What happened?
In the video above, economist Sven Larson, who grew up in Sweden, explains how Europe’s policies slow growth, discourage work, and drive business away.