"I have a hard time squaring the poor prospects of Europe over the next decade with the smugness that Europeans have for themselves. I spent most of the summer in Copenhagen. There’s no doubt that quality of life in most European cities is superb, especially for what I care about: food, opera, walkable streets, access to nature. But a decade of low economic growth is biting. European prices and taxes can be so high while salaries can be so low."
This particular kind of American perspective on Europe always falls into the same trap: Not understanding a world where economic performance is _not_ the be-all-and-end-all, not understanding the connection between the benefits of such a world (things that consider externalities - not individuals - in order to exist) with the costs of such a world (taxes).
