It's a lot better place to live than the US though. And we don't need as much. Quality of life is not measured in terms of the amount of stuff you can buy. We don't have to be afraid of getting shot at school or being bankrupted because of an illness. We don't have to pay off our student loans for decades. Income equality is much higher (leading to more public safety and fairness). To many of us this matters more than money.

The US has different goals than we do. Europe has never been about maximum profit. Capitalism is a tool to support society, not the end goal.