How long before the US and Europe fully swap economic policies?

[Meet Reality]

Europe is becoming American while the US is becoming European.
At the G20 summit all EU nations decided to deregulate their markets, cut spending, cut entitlements, reduce their debt, and move away from nationalized industries such as national health care and social security. The US was the one and only nation to not do so. The US decided to spend more, increase entitlements, increase debt, add more market regulations and start moving towards nationalized health care and other nationalized industry.

[Janice]

It depends on what happens in November this year and in November 2012. Hopefully we will start the change with the new congress in January and complete the change shortly after Jan. 20, 2013.

[Rick31]

Some say they already have. The one booming area in the world now is Eastern Europe. They turned away from Communism and the US elected a Marxist as president with a Congress that gives him everything he wants. Hopefully Americans will wake up to this fact and elect a Republican House which will tie Obama's hands for his remaining 2 years in office.

[Q]

Swap?

LOL

[broadhealth663]

All EU countries have forms of universal health care and none have any intention to privatise. The welfare states of the EU still provide far more than the US. The only areas where a 'swap' might be considered is in macroeconomics, but not microeconomics. Europe is still very much European.

[Aidan]

The only thing that was decided at the g20 summit is that EU nations wanted to cut their budgets to avoid a Greek style debt crisis and to protect the euro. In fact Germany and the European commission having explicitly stated(and in the case of Germany have begun) that they plan to regulate financial markets. While in Britain the NHS is the one are the government has decided no to cut(because of popularity) and in France. While benifits, social welfare, and national industries might be cut along with the budget this is not because of an ideological shift just planned buget cuts. In the end most of these nations will probably still spend more as a percentage of GDP than America does. These is leaving aside the fact the cutting the budget might harm some of the economies that unlike nations like Germany arent reliant on exports.

[Jacob W]

I agree with your premise. Ironic, is it not?

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