"US Schools" generalizations are usually pretty meaningless, especially when compared to small countries.

I went to the poorest school in a poor county. A largely rural area, almost a 50% mix between black and white, in a building where the "new section" was built in the 60's. We had an altered school year because so many kids would miss time because they were needed to help with harvest. We had nothing. Our "computer class" was basically study hall and the computers were ancient Apple PCs that had been donated by some company that I assume had long since upgraded. I learned NOTHING in there pertaining to computers, though I did get really good at chess. Our school SATS were terrible and our county SATS were only a shade better.

Right freaking next door to our county, though? A rich coastal city with a booming tourist trade, a big port, and a sizeable film industry. Test scores were hundreds of points higher. It's about money.

3 last points also apply in Luxembourg. However, we had homework (not tons, but there were) and 30h schoolweeks instead of just 20 (required if you're teaching already 3 different languages in primary school  (equivalent to grade school for those used to that system) plus algebra, history, geography, morality and of course physical education) and only goes up from there, with 36h weeks the year we get our bachelor degrees (though that school year also ends a month early, so that balances out a bit).

We are ranked pretty badly in the PISA tests but that's entirely due to the languages: Germanic and Latin languages don't mix well, but both are needed since early age here. As a result most do well only in either the Latin language or the Germanic languages, but rarely both at the same time. Also, unlike some other countries in those PISA tests, we never excluded children with an immigration background from the statistics.

10/10 it's okay

The education system in my country heavily favours the Haves/the rich over the Have Nots/non-rich in regards to education and employment opportunities in life. Everyone can go into debt to obtain higher qualifications but having college/University degrees are useless unless it leads to employment. The rich kids have their rich parents to pay their college/university degrees  up front and gain entry into lucrative courses like Medicine/Dentistry/Law without having to gain the required scores.

Higher quality education for rich kids attending the elite private schools and onto private colleges/universities and more likely to get into the prestigious courses like Medicine, Law, Dentistry. For non-rich kids, the education system is a huge struggle and there is not much incentive to go into a large debt for qualifications that rarely lead to employment. Leaving school at an early age and taking any job is better for non-rich kids. Having a job is better than being in a huge debt with a useless degree and no job. The rich kids have the advantage of being born into rich families with all the advantages that come with the wealthy lifestyle and that means better education achievements, better business opportunities and career advancement like becoming managers or company owners that the non-rich do not have access. 

In my opinion that video simplyfied things a bit and gave an overly positive image of finnish school system.

In regards to homework, there is homework, but not much.

At the end of upper secondary school/high school (in finnish lukio) there are nation wide tests that are the same for everyone during that year. They pretty much determine where you can go after that (university etc.) and those tests are not multiple choice tests, but proper tets where you have to know things and use your knowledge.

All schools are supposed to be more or less equal, but still some schools are better than others. However the differences between them are quite small.

That 20 hours/week is only true at the beginning, later on it gradually increases, but I guess its still less than in most other countries.

In recent years with the more right wing parliament, Finland has weakened the school system and the results are starting to show and will continue to show in the future. Higher education (university etc.) has also been weakened and the finnish parliament even stated that they want less people to go to universities and more people to start working earlier. High level of education has been a huge asset for Finland, but some people don´t seem to realize it :P

Those same political parties want to make our health care system more dependant on private healt care providers. Basicly giving tax payers money to big health care corporations.