Latest Issue

Sex and markets

The Anglo-American free market versus the continental model may be a battle of the sexes

By Madsen Pirie   May 2000

Since the collapse of the planned economy there have been two types of market economy on offer in Europe. The struggle between them is seen as a contest over social values.

The “Anglo-American” model is competitive, risk-taking and aggressive. Firms seek to expand at the expense of their rivals, and to move into new markets whenever possible. The tension between bankers and shareholders, between investors, employees and customers, is a dynamic one held in check only by the presence of competitors and by the rules which try to channel the aggression into acceptable outlets.

The alternative, the “continental model,” stresses…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

We want to hear what you think about this article. Submit a letter to

More From Prospect