In my opinion this is missing an important thing: Does the Swiss model scale? For example, the Singapore model can't scale. It's based on rich people and corporations arbitraging the international fiscal system. You can't have another Singapore without having another East Asia and West with it. Swiss is definitively a privileged place that is benefiting from the overall wealth of Europe and many other countries. We c…
The Swiss model does seem to scale. The population has scaled from 6.2 million in 1970 to about 8.2 million today. GDP per capita also went up significantly during this time, and outpaced GDP per capita growth in the USA.
You can find a lot of people who write off the Swiss example by just handwaving and saying things like "well it's all stolen money". But the Swiss economy is diversified. The entire financial sector including insurance and pensions is about 10% of the GDP. Private banking is far from the entire financial sector. And in recent years the Swiss have started to give other governments lots of surveillance data on their citizens. You can't get numbered accounts for many many years now, and since FATCA Americans trigger so much reporting that they're being turned away from banks due to the compliance overheads alone. EU governments have benefited from Swiss cooperation too. Still, Switzerland hasn't got poorer since these changes came in.
I suspect the reason so many people ignore Switzerland and fail to learn lessons from it is because one of the most obvious and important causes of Swiss wealth is their rather unique system of government. Lots of people in America in the UK are doubting democracy entirely right now. I see totalitarian worldviews put forward quite openly all over the place in these days. The Swiss have a very weak federal government, a rapidly rotating presidency and a vast number of referendums. It leads to a very stable sort of society with few political issues compared to other western countries. Compare to other parts of the world where often apparent stability comes from simply ignoring political problems in the hope that they'll go away, instead of addressing them early.