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020 _a9781930865624
_qcloth (alk. paper)
035 _a(ATU)b10935344
035 _a(OCoLC)56065016
040 _aDLC
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041 1 _aeng
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042 _apcc
043 _an-us---
_ae------
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050 0 0 _aHC103
_b.G4713 2004
082 0 0 _a330.973
_222
100 1 _aGersemann, Olaf,
_d1968-
_eauthor.
_9419051
240 1 0 _aAmerikanische Verhältnisse.
_lEnglish
245 1 0 _aCowboy capitalism :
_bEuropean myths, American reality /
_cOlaf Gersemann.
264 1 _aWashington, D.C. :
_bCato Institute,
_c[2004]
264 4 _c©2004
300 _aix, 247 pages :
_billustrations ;
_c24 cm
336 _atext
_btxt
_2rdacontent
337 _aunmediated
_bn
_2rdamedia
338 _avolume
_bnc
_2rdacarrier
500 _a"An earlier version of this book was published in October 2003 by FinanzBuch Verlag, Munich, as Amerikanische Verhaltnisse : die falsche Angst der Deutschen vor dem Cowboy-Kapitalismus"--Introd.
504 _aIncludes bibliographical references and index.
505 0 0 _gPt. I.
_tHe who laughs last - employment in Europe and the United States, 1979-2003 --
_g1.
_tThe end of convergence --
_g2.
_tEurope isn't working --
_g3.
_tThe new economy lives ... in America --
_g4.
_tEurope's sluggishness - a chosen lot --
_g5.
_tAmerica's golden '90s - was it all just hype? --
_g6.
_tA misery desperately longing for justification --
_gPt. II.
_tThe United States : myths, half-truths, and reality --
_g7.
_t"Living standards are declining" --
_g8.
_t"For everything else, there's MasterCard" --
_g9.
_t"Poverty is on the rise" --
_g10.
_t"Just a bunch of McJobs" --
_g11.
_t"Moms need to work, too" --
_g12.
_t"Three jobs needed to survive" --
_g13.
_t"Unemployed behind bars" --
_g14.
_t"The doctor won't see them now ..." --
_gPt. III.
_tUnequal and unjust --
_g15.
_tIncome inequality - tectonic shifts or what? --
_g16.
_tAnd the culprit is ... progress --
_g17.
_tMass unemployment - the mother of all injustices --
_g18.
_tInequality in education - the grandmother of all injustices --
_g19.
_tThe American dream lives --
_g20.
_tBetter securely unemployed than insecurely employed?
520 _a2006 Templeton Enterprise Award Winner. ʺAmericans work three jobs just to make ends meet, and unemployment is low only because so many people are in jail.ʺ Thatʼs what most European (and many American) pundits believe. While the U.S. economy may create more growth, Europeans think they are better off when it comes to job security, income equality, and other factors. But does European-style ʺcomfy capitalismʺ really deliver better results than American ʺcowboy capitalismʺ? Olaf Gersemann, a German reporter who came to America, checked the facts and discovered that the common perception in Europe and elsewhere of Americaʼs economic model is either wrong or misleading. The greater market freedoms in the United States create a more flexible, adaptable, and prosperous system than the declining welfare states of Europe. Contrary to what one might expect, continental Europeʼs welfare states provide no meaningful advantage compared with America. In clear and accessible terms, Gersemann separates the economic myths from the reality. Cowboy Capitalism is a provocative and devastating rebuttal to the stereotypes promoted by the likes of Paul Krugman and Michael Moore -publisherʼs description.
520 _aʺThis is a comprehensive, indeed truly encyclopedic, comparison of economic conditions and policies in the United States with those in Germany, France, and Italy. Gersemann, a German journalist based in the United States, provides detailed evidence to support his devastating rejection of common European fallacies about the American economy. A real treasure trove of thoughtful analysis.ʺ --Milton Friedman, Nobel Laureate in Economics. Also includes information on African Americans, bankruptcies, demographic aging and entitlements, economic justice and security, boom of 1990s, educational attainment, educational inequality, employment protection legislation, France, Germany, household income, income distribution, income inequality, international comparisons, Italy, jobs, labor productivity, living standards, new economy, poverty, service economy, tax burden, taxes, technological progress/revolution, unemployment, wages and salaries, women, etc.
520 1 _a"Olaf Gersemann, a German reporter who came to America, checked the facts and discovered that the common perception in Europe and elsewhere of America's economic model is either wrong or misleading. The greater market freedoms in the United States create a more flexible, adaptable, and prosperous system than the declining welfare states of Europe. Contrary to what one might expect, continental Europe's welfare states provide no meaningful advantage compared with America. In clear and accessible terms, Gersemann separates the economic myths from the reality." "Cowboy Capitalism is a rebuttal to the stereotypes promoted by the likes of Paul Krugman and Michael Moore."--BOOK JACKET.
588 _aMachine converted from AACR2 source record.
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650 0 _aCapitalism
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651 0 _aEurope
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651 0 _aUnited States
_xEconomic conditions
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651 0 _aEurope
_xEconomic conditions
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