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Rath said:

Edit: @Mafoo. A lot of Europe already has the benefits that both provide. Social democracy is a valid philosophy.

The world has the advantage of the US being a free market.

Meaning, if everything discovered in the respective countries was not shared with the rest of the world, every one else would look like they were in the stone age compared to the US.

If we were like Europe, imagine a world where the US discovered advancements like the rest of the world. What would the medical industry look like, technology, transportation?

The world would be a very different place. (well, your world :p)