The richest countries in the world in the past couple of decades - in
world history in fact - adjusted for population are the Scandinavian
democracies, with their world's highest levels of taxation and social
welfare, and their vastly intelligently designed capitalism,
That has been refuted. You have to make $80,000 a year in Norway, just to get by. Which explains the absence of a mad flight of people to Norway. Norway is ok and all, for Norwegians I guess, but this idea that it is carved from gold has been debunked.
Also, the teachers there are poorly paid, but they work fewer hours, so I guess it is a wash.