There are significant differences between the American and European versions of capitalism. The American traditionally emphasizes the need for limited government, light regulation, low taxes and maximum labour-market flexibility. Its success has been shown above all in the ability to create new jobs, in which it is consistently more successful than Europe.
 Margaret Thatcher, The Path to Power (1995). copy citation

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Author Margaret Thatcher
Source The Path to Power
Topic success regulation capitalism
Date 1995
Language English
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