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…
But if the export markets were as rich as Switzerland, they would buy even more luxury watches. So I don't see how your point makes sense. 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 exampl…
The Swiss I've known have been some of the most thoughtful and intelligent people I've had the pleasure of working with. Just saying that it's probably not the best country to use as an example even if they have done a lot recently to reform their economy away from the banking system.