Do free-market principles often face a tougher battle in the United States than in supposedly socialist Europe?
Following the midterm elections, the United States’ basic economic principles will come sharply into focus through debates over tax cuts and deficit reduction. As Martin Hutchinson argues, the United States is often held out as the world’s beacon of free-market capitalism. Yet, he writes, free-market principles often face a tougher battle in the United States than in supposedly socialist Europe.
