The economic crisis in Europe reached its latest crescendo last night, as Greece managed, through furious last-minute negotiations, to convince its creditors to give it some more breathing room. But if the Greeks have managed to stave off ruin for a few more minutes, nothing has essentially changed in their situation: Their economy is still in shambles. The burning question on most observers’ minds, and rightfully so, is whether the Greeks will ever manage to pay back their debts. But at this stage, it’s also worth considering how we ended up on the precipice of such catastrophe at all.
In the popular imagination, the United States and Europe are assumed to be radically opposing poles--"Mars" and "Venus"--on issues such as market regulation, public education, social policy, health care, crime, and the environment. But is that really the case? The numbers would suggest otherwise. My book, The Narcissism of Minor Differences: How America and Europe are Alike, presents quantifiable data on a wide array of social conditions on each side of the Atlantic.