Two Cheers for the Rhineland Model

Not so long ago, Germans and other Continental Europeans pointed to America's "working poor," as well as to the sorry state of public services in Britain, as defects that supposedly reflected the inevitable price Anglo-Saxon countries must pay for their ruthless form of capitalism. Europeans (Germans in particular), on the other hand, enjoyed the "Rhineland model": a market economy that harnesses economic success to the cause of social justice.

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