Financial Times FT.com

Definition of ‘capitalism’ still elusive

By Ralph Atkins in Frankfurt

Published: September 23 2007 17:19 | Last updated: September 23 2007 17:19

The European economy or, more accurately, Europe’s economies, have changed markedly in recent years as a result of the forces of globalisation, government reforms and a monetary union that now sees 13 countries sharing the euro currency. But defining European “capitalism” is as hard as ever.

An FT/Harris poll on systems of economic government highlights significant differences of opinion between countries on attitudes towards free-market, or capitalist, economies and over the role of trade unions and labour market regulation.

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