Now I love reading about finance/economics in my spare time, and I have to say this book is superb. Until I picked it up tonight I actually believed a lot of people on the other thread that were talking about "the US controls the global economy", "the US is the richest", etc. It talks about the model the US is built on "dubbed the American Dream" and shows the difference between that model and the new "European Dream" model that builds on the mistakes of the US (note when I say US, the book is mainly aimed at the US but everything said in it applies directly to Canada as well, this is nothing biased)
Here are a few exerpts.. which shocked me a little (until I did some research afterwards for real numbers and found they were indeed correct) because I didn't believe it. I chose some that are from points in the eariler thread:
On exporting and the economy:
Americans are so used to thinking of our country as the most successful on earth, they might be surprised to learn that, by many measures, this is no longer the case. In just a few decades, the European Union has grown to become the third-largest governing institution in the world. Though its landmass is half the size of the continental United States, its $10.5 trillion gross domestic product now eclipses the U.S. GDP, making it the world's largest economy. The European Union is already the world's leading exporter and largest internal trading market. Sixty-one of the 140 biggest companies on the Global Fortune 500 rankings are European, while only 50 are U.S. companies.
On healthcare:
Education, Quality of Life, Homicides, Criminals, Jail:The comparisons between the world's two great superpowers are even more revealing when it comes to the quality of life. For example, in the European Union, there are approximately 322 physicians per 100,000 people, whereas in the United States there are only 279. The United States ranks 26th among the industrial nations in infant mortality, well below the EU average. The average life span in the 15 most developed EU countries is now 78.01 years, compared to 76.9 years in the United States.
Work / Quality of Life:Children in 12 European nations now rank higher in mathematics literacy than their American peers, and in 8 European countries children outscore Americans in scientific literacy. When it comes to wealth distribution -- a crucial measure of a country's ability to deliver on the promise of prosperity -- the United States ranks 24th among the industrial nations. All 18 of the most developed European countries have less income inequality between rich and poor. There are now more poor people living in America than in the 16 European nations for which data are available. America is also a more dangerous place to live. The U.S. homicide rate is four times higher than the European Union's. Even more disturbing, the rates of childhood homicides, suicides, and firearm-related deaths in the United States exceed those of the other 25 wealthiest nations, including the 14 wealthiest European countries. Although the United States is only 4 percent of the world's population, it now contains one-quarter of the world's entire prison population. While the EU member states average 87 prisoners per 100,000 people, the U.S. averages an incredible 685 prisoners per 100,000 people.
Europeans often remark that Americans "live to work," while Europeans "work to live." The average paid vacation time in Europe is now six weeks a year. By contrast, Americans, on average, receive only two weeks. Most Americans would also be shocked to learn that the average commute to work in Europe is less than 19 minutes. When one considers what makes a people great and what constitutes a better way of life, Europe is beginning to surpass America.
Now I'm not posting to bash anyone.. I mean Canada is in the exact position as the US, built on an old model that isn't about to change anytime soon.... so don't think I'm carrying a discussion from earlier.
I just talked to someone about some of the things on that thread (because a lot of you guys were right, I did not have 100% facts and numbers, I agree with you), and they recommended this book.
I recommend it to anybody that is interested in the global economy, super-power status, etc. At least one good thing came out of that thread, I'm really enjoying this book
Disclaimer: I should also add that, no, this is not a book smashing the US so don't even think that. It is basically showing what didn't work in the model, and what did work (and what worked excessively well), and comparing it to the world's largest super-power, the European Union.
Also note that Jeremy Rifkin is a prominant American author on the subject of economics, global economy, etc... not just a nobody. Also I've checked all the stat numbers possible so far from what I've read and everything checks out so far.
Also I apologize for jumping the gun on some issues in that old thread, you guys were right I didn't know 100% of the facts, although I hope you can realize you didn't either.
What I found VERY surprising (and very true) is that if you ask your average Canadian or American, the majority of them actually couldn't tell you what the EU is, when it was formed, etc.. and most definately wouldn't be able to tell you that it has the largest economy and one of the largest world super powers. I guess we just default to thinking that North America is still on top of things because we live here and NA was at the top for such a long time.


Açieeed! style by