As I noted in my response to Umair, the US is surging ahead to continue to create the opportunity that is the essence of the American Dream. Meanwhile the project of European integration is collapsing, immigration is ripping the continent in two, debt is at unsustainable levels, and large parts of Europe are in a demographic death spiral. In contrast the US is doing quite well just now. With the DJIA rising 30% the last twelve months, a rate of unemployment lower than most EU countries and with the US having GDP growth over 3.0%, it’s just the wrong time to talk of American collapse. This is not to deny there are many good things about Europe that can be adapted to supplement the American Dream or that there are areas where parts of Europe are ahead of the US. It’s just that there never was a real European Dream, other than crossing the ocean to be part of American Dream.