About the book
Western Europe is in deep trouble. Growth is low, unemployment is high, most people are dependent on the state and welfare services are falling apart. Yet most politicians defend the European Social Model. Reforms merely scratch the surface.
But the Model is not the solution to our problems—it is the problem. The high taxes put a brake on growth, the regulated labour market stops new jobs and public monopolies can’t deliver welfare services.
Forces like the international competition and the demographic situation make the need for radical reform desperate. Without reform, a collapse is coming. But if we decrease the size of the state and liberate the forces of development, Western Europe will face a new dawn.
Many other countries have done it with great success. It is no secret what can be done, all it takes is political will. Facts and reality speak for themselves. This book shows what should be done and why.
”A blockbuster tract that tackles head-on the major problems confronting the European economy. It should be required reading for all European politicians.”
—Robert Mundell, Nobel Laureate, 1999
”At a time when many European countries are paralysed by government intervention, Mr. Munkhammar shows why market-based reforms can increase both economic efficiency and social benefits.”
—Alain Madelin, former Finance Minister of France
”There is a vital need to persuade Europeans that market-based reform is in their own interests, not some fiendish American-imposed plot. This book will play an important role in meeting that need.”
—Bill Emmott, editor of The Economist
”There is an acute need to look at the economic challenges facing some of the older European economies, and this book does it with clarity in both the analysis and the prescriptions for the future. We can do much better – why aren’t we?”
—Carl Bildt, former Prime Minister of Sweden
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