(Originally aired 10-03-2010)
We hear about the trouble Europe is in. The debt crisis in Greece and other countries, the mistaken austerity moves that have slowed recovery from recession. But while the bad news of the Euro crisis makes headlines in the US, what does not made headlines is the good news of a quiet revolution that has been taking place in Europe.

The European Union, 27 member nations with a half billion people, has become the largest, wealthiest trading bloc in the world, producing nearly a third of the world's economy - nearly as large as the U.S. and China combined. Europe has more Fortune 500 companies than either the US, China or Japan.
European nations are rated by the World Health Organization as having the best health care systems in the world. Yet they spend far less than the United States for universal coverage, even as U.S. health care is ranked 37th. Europe leads in confronting global climate change with renewable energy technologies like solar and wind power, conservation and "green design," creating hundreds of thousands of new jobs in the process. Europe is twice as energy efficient as the US and their ecological "footprint" (the amount of the earth's capacity that a population consumes) is about half that of the United States for the same standard of living.

In his new book, WERE YOU BORN ON THE WRONG CONTINENT?, this week's guest, THOMAS GEOGHEGAN, makes a strong case that European social democracies - particularly Germany - have some lessons and models that might make life a lot more livable. Not only that, they could help us keep our jobs.

In comparison to the U.S., the Germans have six weeks of federally mandated vacation, free university tuition, nursing care, and childcare. But you've heard the arguments for years about how those wussy Europeans can't compete in a global economy. You've heard that so many times, you might believe it. But like so many things, the media repeats endlessly, it's just not true.

According to Geoghagen, "Since 2003, it's not China but Germany, that colossus of European socialism, that has either led the world in export sales or at least been tied for first. Even as we in the United States fall more deeply into the clutches of our foreign creditors-China foremost among them-Germany has somehow managed to create a high-wage, unionized economy without shipping all its jobs abroad or creating a massive trade deficit, or any trade deficit at all. And even as the Germans outsell the United States, they manage to take six weeks of vacation every year. They're beating us with one hand tied behind their back."