“Shock! Horror! Cato Institute declares American capitalism superior to European social democracy.” That was my cynical initial reaction to Cowboy Capitalism: European Myths, American Reality, a new book published by the free-market Washington, DC-based think-tank that comes recommended by the usual right-wing suspects: Milton Friedman, James Buchanan and Henry Paulson, the boss of Goldman Sachs.
It goes without saying that George W. Bush is not loved in Europe. Even before the Iraq war raised animosity toward him to fever pitch, the perceived stupidity, ignorance, and arrogance of the "Texan cowboy" had gone down badly across the Atlantic. His evangelical Christian beliefs do not sit well with mostly secular Europeans. His [...]








