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Jeremy Rifkin's book The European Dream paints a bleak picture of the "American Dream" in the 21st century. He argues that the interconnected nature of the European model is better adapted to the challenges of a globalized economy, with safety nets and social values geared towards sustainability and communal development.

To what extent--if any--do you agree that the American belief in individualism is outdated? Moreover, in light of the recent global economic crisis, and the particular hardships faced by certain members of the EU (Ireland, Spain, Greece, etc.), do you think the social, political, and economic ties are strong enough in Europe to weather these storms in the long-run?