The Great Reversal: How European pupil is learning the economic lessons that US teacher forgot

The French economist Thomas Philippon argues for a surprising conclusion: Europe is making a better job of running a competitive market economy than the home of capitalism. Which is not to claim that the European economy is doing exceptionally well, or that Trump's populist nationalism does not have support in several European countries. But Philippon diagnoses some peculiarly American ailments which Europe, courtesy of European Union policies, has managed to avoid.