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05 Oct 08

Why European Schadenfreude over the ills of American capitalism is restrained | How Europe responds | The Economist

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Why European Schadenfreude over the ills of American capitalism is restrained | Europe responds The Economist

Schadenfreude
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26 more annotations...
- lined up
- welfare
- hail th
- “The idea that markets are always right was a mad idea,”
- America’s laissez-faire ideology
- chipped in
- vindication
- self-righteousness
- bail out
- scrambled
- knock-on effects
- sneer
- glee.
- were not at stake
- nonetheless
- derided
- In the face of popular consternation at capitalist decadence
- the centre-right Mr Sarkozy
- dismayed
- shelved
- fought off
- European Commission disapproval to use state money to rescue Alstom, an engineering firm
- and called for financial capitalism to be “moralised”.
- Alongside
- may fret that
- But the last time the French picked a real Socialist to lead their country was 20 years ago.

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