And yet, despite having less jobs and lower salaries, many countries of europe tend to have less signs of poverty: women are less likely to die in childbirth, there's less gun violence, less homeless and child hunger...
All of this, is completely orthogonal to whether or not private capital is willing to invest in risky ventures rather than hoard their capital in very secure incremental investments.
This one has been debunked many times. US healthcare attempts riskier births that would otherwise be aborted.