Steven Hill, "Europe's Promise: Why the European Way is the Best Hope in an Insecure Age" (U California Press, 2010)

May 9, 2013

Europe's Promise

Why the European Way is the Best Hope in an Insecure Age

Steven Hill

Hosted by Ryan Rylee

Buy Book

Summary

What can the United States learn from Europe? One good answer, says Steven Hill, is social capitalism, a form of economic management that is responsive to markets and productive of broadly-shared prosperity. First known for his work on electoral reform in the United States, Hill began travelling through Europe in the late 90's to study the use of proportional representation (PR) in European elections. Once there, his research agenda gradually broadened to include European approaches to healthcare, corporate governance, support for families, transportation, energy, media, and other policies that together constitute what Hill calls "The European Way," as compared to "The American Way." This comparison is laid out with clarity and a wealth of examples in Hill's highly-readable book Europe's Promise: Why the European Way is the Best Hope in an Insecure Age (University of California Press, 2010). In the first half of this interview, we discuss the compatibility of European healthcare systems with thriving economies, focusing on models from Germany for controlling costs and increasing transparency. Hill explains how Europe manages to maintain more Fortune 500 companies than the U.S. and China combined, while at the same time offering benefits to workers like paid maternity leave, generous vacations, paid sick leave, and low-cost child care. We also discuss CEO perspectives on codetermination--a form of corporate power-sharing among workers and management--in German companies like Deutsche Bank, Mercedes, and Volkswagen. In the second half of the interview, we take up the American side of the question. I ask Steven if European-style policies are only possible in small countries with PR, or if they are also possible in a large country without PR, like the United States. Hill describes what it would it take for U.S. states to enact similar policies and where, if anywhere, that is most likely to happen.