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 But let's remember that it is intended as a marketing piece to promote direct investment in Europe.  It's going to present that case in the best light.

I fully agree. The fact is that this presentation is no less true than the one e endlessly get in the media all over the place, i.e. that the US "free-market" economy is superior to Europe's sclerotic version. THAT's also a "marketing piece". That's the point I'm trying to make. The reality we're being sold is just marketing ans has only a tenuous link to reality.

Thus my version provides balance and perspective, and it's even technically true.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Thu Mar 29th, 2007 at 05:20:29 PM EST
[ Parent ]
Well, I empathize with your view, in the sense of MSM.  The lack of insight and intelligence on their part, coupled with their tendency to take a point of view and just pound on it is very frustrating.  I feel the same way when they pound away on US healthcare, and frankly many other issues.  There's normally a grain of truth, but then where they go is ridiculous.

But my comment was addressed at true marketing, not the idiots in MSM.  There is nothing wrong with the US Dept of Commerce or the French and German equivalents presenting things in the best light.  But we should do our best to stay factual and objective.

Personally, as I've said before, I like both the US and European models.  It's an incredible opportunity, imo, for us to have both models, so you get a chance to pick and choose--in some cases combine--the models, evolving toward something that is better than both.  For example, there are elements of the French healthcare approach that I think would be very instructive for the US.  Not in the sense of just adopting it wholesale.  But rather in the sense of taking some elements, that if I understand it right, really make sense for the US, and combining with existing aspects of the US system.

The EU is doing more than fine in growth.  The EU is certainly not declining nor stagnating.  But they're just not the economic locomotive of the world, at least not yet--"and it's even technically true",,,,well, not really.

by wchurchill on Thu Mar 29th, 2007 at 06:04:12 PM EST
[ Parent ]
The version you posted is not biased. The fact the Euro appreciated shows the markets think that european are producing more value. Who is to criticize the perfect allocation of funds by The Market TM ? Socialist government statistical agencies? Nah.

Un roi sans divertissement est un homme plein de misères
by linca (antonin POINT lucas AROBASE gmail.com) on Fri Mar 30th, 2007 at 09:27:10 PM EST
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