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Meanwhile, they did it without breaking a sweat. The Bureau of Labor Statistics says that employed Americans averaged 1,741 hours at work in 2010. In France, the figure was 1,439 hours.
If Europe was as anticapitalist as Americans assume, its companies would be collapsing. But there are 172 European corporations among the Fortune Global 500, compared with just 133 from the United States.
Europe gets some important things right. It has addressed energy issues and climate change far more seriously than America has. It now has more economic mobility than the United States, partly because of strong public education systems. America used to have the highest proportion of college graduates in the world; now France and Britain are both ahead of us.
Back in 1960, French life expectancy was just a few months longer than in the United States, according to the Organization for Economic Cooperation and Development. By 2009, the French were living almost three years longer than we were.
So it is worth acknowledging Europe’s labor rigidities and its lethargy in resolving the current economic crisis. Its problems are real. But embracing a caricature of Europe as a failure reveals our own ignorance — and chauvinism.
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