TYLER COWEN on the future of European social democracy: “Much as I have enjoyed living in, working in, and visiting Western Europe, I have my doubts.”
Ilya Somin, meanwhile, says it’s even worse than Cowen thinks: “If European governments fail to improve the anemic economic performance described by Tyler, and remain unable to assimilate Muslim immigrants effectively, there is a real chance that voter frustration will increase, and the far right or far left will successfully exploit it and eventually come to power in one or more major European nations – with potentially disastrous results.”
That’s been my worry for a while.