Is Europe on the Road to Serfdom?

THE EVENTS in the Gulf have made Americans aware once again that their European allies are not a homogeneous mass of more or less identical states, but instead differ sharply in their prepared ness to support the U.S.A.’s international peace-keeping role. As in other episodes of this kind since 1945, Britain has been more eager than the others to associate itself with the American position. But it is important to realize that, largely because of Mrs. Thatcher’s work in transforming the economy over the last decade, Britain differs from the rest of Europe in another, even more basic respect.

Mr. Congdon is economic advisor to Gerrard & National in London and managing director of the economic consulting firm Lombard Street Research.

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Tim Congdon

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THE EVENTS in the Gulf have made Americans aware once again that their European allies are not a homogeneous mass of more or less identical states, but instead differ sharply in their prepared ness to support the U.S.A.’s international peace-keeping role. As in other episodes of this kind since 1945, Britain has been more eager than the others to associate itself with the American position. But it is important to realize that, largely because of Mrs. Thatcher’s work in transforming the economy over the last decade, Britain differs from the rest of Europe in another, even more basic respect.

Mr. Congdon is economic advisor to Gerrard & National in London and managing director of the economic consulting firm Lombard Street Research.