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The poorest US states are similarly prosperous as the wealthiest European nations (not counting the weird little city states).
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Are they really?
Maybe I need to change my perspective a bit.
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Take @TomK's posts to heart. Europe is in free fall.
We got used to thinking of Europe as a peer to America, but it's collapsed to around half the average standard of living.
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That is what I grew up thinking.
Have the royal families screwed it up that much?
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Are they that much poorer?
From what I gather, their system seems to be working.
Happy people, less time at work, not super rich.