Would it be accurate to say that you accept what happened during the global financial crisis as part and parcel of the way the capitalist system works? A: It is part and parcel of the way the American capitalist system works. The European capitalist system works differently because they have got their social economy – more social security and therefore less dynamism all around. The British have free healthcare. The best of them are the Germans, but even they have a lot of weight to carry in health and unemployment benefits and so on. I do not think the Europeans are as competitive as the
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