Inequality And Prosperity Social Europe Vs. Liberal America

Within his acclaimed novel â€Å"Inequality and Prosperity: Social Europe vs. Liberal America, Princeton University professor Jonas Pontusson (2005) underlines that due to their direct influence on the livelihoods of individuals, social issues associated with the welfare of society have not only always attracted attention from academics, but have also consistently been under careful scrutiny of policymakers (p. xiii). In particular, Pontusson (2005) emphasizes that social scientists and policy experts have especially concentrated on the advanced economies of Europe and the USA, and he contends that debates regarding which socioeconomic system deserves more praise – mainly in terms of citizen opportunity - are becoming more passionate on account of the expansion of intense political and cultural differences between the two (p. 2). To be more specific, with the adoption of neoliberal economic policies beginning in the early 1980s, the USA instantaneously transformed into a self -serving society that encouraged privatization, deregulation, cutting public expenditure for social services, and most importantly, the replacement of the concept of the public good with individual responsibility (Clark, 2012, para. 1). In absolute contrast, the social democratic model found within Northern European countries such as Sweden, have comprehensive welfare states that prioritize universalism so as to enhance individual autonomy, redistributionist taxation in order to provide an elaborate socialShow MoreRelatedAustralia s Bilateral Trade Agreements With The Trans Pacific Partnership1468 Words   |  6 PagesWith more than two-thirds of its trade with Asian partners, Australia relies heavily and has invested in that locale’s prosperity. 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