In German "angelsächsisch" often goes with "Kapitalismus" opposing "Rheinischer Kapitalismus". It is used when comparing free-market economies with social market economies. Germans think about London being a financial hub or not everyone in the US having health insurance, when using "angelsächsisch". They do not think about races being superior.

In case of the US, it even brings it closer to Europe because the term groups Great Britain and the US to compare them to mainland Europe (mostly France + Germany).