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It can. Look at how much smoother and better most of Europe is. No one does because they can't afford cancer treatments or insulin, is really the only point I need to make.
Oh and have you seen their incredible high speed trains and subway systems and interstates?
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Have you seen their per capita GDP that's barely half of America's?
Also, for much of recent history, Europe had freer economies than America, so you're unwittingly countering your own argument.
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