There is no single country. I think standards change over time too, so there is not one perfect solution, it is always a work in progress like a marriage.
All countries have positives and negatives. Plus, a system that is working now, might have trouble over time.
I try to look back at America. Novel idea I know. When workers and CEO’s didn’t have such a huge pay gap. When we were proud of educating the whole population. When the middle class could buy a home without a huge mortgage, buy a car without needing a 6 year loan, and buying on credit was not done to any extremes in general. When profit was not the end all be all, but capitalism did drive innovation.
I think Finland’s K-12 is really worth studying and applying in some trial cities or states in America. I also think Denmark, which has some of the happiest people in the world supposedly, is worth investigating also.
I think we should be looking at the estimates being given by scientists, and whoever looks at these things, for job creation and deal with the reality that unemployment might grow exponentially in the fairly near future.
We have to decide as a country if we really want everyone to be safe and happy and if we can embrace a happier easier lifestyle. I feel like Americans very often feel like since they suffered their children and everyone else can suffer too. Things like don’t complain about working 50 hours a week plus commute, I did it. Well, no one should be doing it. The Nordic countries seem to embrace this idea of work like balance, America talks about it, but does not really value you it for society. Not that I have seen.
America very smartly created a Social Security system, and anyone who thinks we should get rid of it really needs to do some research on what the country would become if the elderly did not have this income. We would have to start opening poor houses for the elderly again. Welfare and related systems have some negative side effects, but a universal basic income is worth investigating. The state of Alaska has a small amount they give all residents, I think it is $1K a year. Some countries in Europe I think are trying it or thinking about it. I think in parts of the Middle East too. We should be looking at that and see if it is successful in other countries.
Singapore housing is interesting.
One thing I think that is true is being able to trust government is extremely important. Corrupt democracies with capitalism, and corrupt socialist countries, don’t do well. Many Latin American countries are democracies and based on a capitalist system, and there are all sorts of problems.
We must decide how we are going to distribute or redistribute income more evenly. Are we going to increase the minimum wage? Are we going to decrease the work week? Are we going to tax the biggest earners at a higher rate and supply more government services? Are we going to tax businesses more? We need to look at other countries that have tried various systems so we can take what has worked best.
We have a big country and we can test different ideas in our states, and we should. What works well we can spread around the country.