Perhaps only Warren Buffett can declare the American economy dead, stick a fork in it and pronounce it dead. All the Americans who still consider Europe “socialistic” ought to heed the great oracle’s declaration that Europe is his prime target for business acquisitions.
Note that he is looking for business acquisitions in Europe, not the acquisition of communes or other socialistic constructs and some such.
And, yes, the oracle of Omaha does declare that Europe has a terrific economy, one considerably better than the American one.
Perhaps the United States ought to consider becoming “socialistic” like Europe. It seems to be good for business.