The main goal of an economy is to increase living standards, of which the European socialists experiment has done far better then its American counterpart. European countries spend 6,600 less per capital on health care despite having better health outcomes, 1,600 less on the military, 1,600 less on police/courts/jail despite having less crime 1,800 less on education despite having higher test scores, 3,400 less on transportation, 600 more on electricity due to more efficient appliances/buildings, and 500less on internet/phone services despite having faster service. Europeans also live 3 years longer resulting in 3 years more goods consumed, have 120 more hours of free time yearly, and have cleaner cities/less pollution. Also the bottom 90% of the population get a total of 13 percentage points more of total income. When you add all these things up Europeans living standards are 36% higher then Americans.