Earlier quoted context omitted.
On the other hand, this probably allowed the US to become the superpower it is. I feel the US is the closest example in the modern world to capitalism unchecked - with both the pros and cons that entails.
>> I feel the US is the closest example in the modern world to capitalism unchecked - with both the pros and cons that entails. Please enlighten me which parts of the 'pros of capitalism' I'm missing out on as a non-US citizen, because I definitely don't see many, if any at all.
* Largest economy on the planet
* Biggest and most well known tech companies (or companies in general)
* Majority of the top research universities
* Quality of medical system (if you can pay!)
* And so on
For us in tech, living in the US is no comparison - it's the best place to be an engineer by a long shot, due to much higher wages and opportunities. Not to say you can't find good stuff elsewhere, it's just harder, and you'll get rewarded much less in general.
Increased regulation, labour protections, consumer protections, and so on stifles the economy, at least in the short term. I'm not saying that's bad - there's more to life than money, which I think is an idea that Europe embraces more so than the US.