High Quality Content by WIKIPEDIA articles! Rhine capitalism or Rhenish capitalism (also known as the Rhenish model or Rhineland model) is a contemporary economic order existing primarily in Western Europe. The term originates from the French economist and (in 1991) Chairman of the Board and CEO Assurances Generales de France (AGF), Michel Albert who first used it in his book Capitalisme contre Capitalisme. He compared the so-called "neo-American model” of a capitalistic market economy, introduced by the administrations of Ronald Reagan and Margaret Thatcher with the "Rhine Capitalism", present in Germany, France and in some of Northern European economies. While the former is based more on the ideas of Friedrich von Hayek and Milton Friedman, the latter, according to Albert, is founded on publicly organized social security. Albert analyzes the Rhenish model as the more equitable, efficient, and less violent one. However, according to Albert, complex psychological phenomena and the...

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