
Europe Needs Capitalism
With most of the continent’s economies trapped between stagnation and decline, it is time to revive the forces that once made the West the greatest prosperity machine in history.

With most of the continent’s economies trapped between stagnation and decline, it is time to revive the forces that once made the West the greatest prosperity machine in history.

Founders saw social progress as the result of economic progress—something the state could not be expected to provide.

To support entrepreneurship, policymakers should make business-friendly reforms, encourage integration of a common European market, and remove barriers to entrepreneurship in female-dominated fields.