Europe in Decline

The latest edition of American Enterprise Magazine has as its theme "Red America, Blue Europe." The feature article, by editor Karl Zinsmeister and a supporting article, "Europe's Not Working" by Olaf Gersemann, [both available online, here] make the persuasive argument that the economic disparity between the United States and Europe will not close anytime soon and in fact is likely to widen over time. I was going to blog the subject, but Will Franklin already got there before me. Check out his nicely-illustrated synopsis here.