With all the talk about Europe, the EU and European funding projects we’d almost forget about the existence of other countries. Let’s take a look at the United States, by many regarded as the best place to live in on the whole planet.
When Americans look across the ocean they see a struggling economy, expensive welfare states, governments controlling the majority of the economy and high taxes. However, with the economic crisis of the last few years hitting not only Europe but perhaps even more so America, the American’s can no longer ignore ‘the other side’ and have to ask themselves: “are we becoming the next Europe”?
In this video – made by some very talented people over at encounterbooks – the differences and similarities between European and American economies are addressed. There seem to be a strong difference in mentality and culture which results in two totally different communities who have to face the face economic bubble burst sooner or later.