US-Style Capitalism Criticized, Europeans Take Comfort In Social-Market Economy

US-Style Capitalism Criticized, Europeans Take Comfort In Social-Market Economy

A day after Chinese and Russian leaders blamed a free-wheeling U.S. financial system as the source of the global economic crisis, Europeans here are taking comfort in what they see as their kinder, gentler version of capitalism.

"In Europe, we have a social-market economy," European Commission President José Manuel Barroso said in an interview. "We have universal health care, a more generous system of social security, a general principle of almost free university education. And we want to keep that."

Popular in the Community

Close

What's Hot