October 24, 2005

EVER AND ALWAYS, IT'S JUST ABOUT FREEDOM VS. SECURITY:

A preference for stability or a flexible labor market? (Graham Bowley, OCTOBER 23, 2005, International Herald Tribune)

Sometimes called "Rhineland capitalism," it features heavy regulation of markets, a comprehensive system of social and job security and widespread consultation among governments, employers and labor unions. Underlying this style of capitalism is a preference for stability to encourage growth and the avoidance of risk and turbulence.

The problem is that Europe's aging population means it is becoming increasingly difficult to sustain and finance such a system when there are fewer people of working age paying taxes. The desire for consensus also makes it difficult to keep up with nimbler rivals in today's world, characterized by rapid technological change and strong global competition.

Anglo-Saxon model

Practiced in Britain and Ireland, it is heavily influenced by U.S.-style capitalism. It emphasizes less regulation, focusing instead on the openness of markets, competition and risk-taking.

Posted by Orrin Judd at October 24, 2005 9:42 AM
Comments

Freedom for v. freedom from

Posted by: Sandy P at October 24, 2005 10:04 AM

Guys, look: the medieval manor, with its stability, predictability, and codes of behavior, had its charm in its day. But, the renaissance happened, a very long time ago. Get over it. Of course you could all become re-enactors and charge admission to curious tourists.

Posted by: Luciferous at October 24, 2005 4:36 PM

Sometimes called "Rhineland capitalism," it features heavy regulation of markets [and] a comprehensive system of social and job security [...] Underlying this style of capitalism is a preference for stability to encourage growth and the avoidance of risk...

They misunderstand the conditions necessary for growth.

Predictability is necessary, not "stability".
After all, the dead are very "stable", as are monopolies.

Guaranteeing job security also guarantees that you'll always have the perfect work force for YESTERDAY'S market conditions.

Posted by: Michael Herdegen [TypeKey Profile Page] at October 24, 2005 4:36 PM

Yes, look at how long arafish was in stable condition.

Posted by: sandy P at October 24, 2005 5:49 PM
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