Without a strong focus on wealth creation, instead of the constant preaching to the mediocre and the "good enough", we're not going to have much to show once the Chinese and Indians get started.
In short: Prosperity is not a goal to attain, it's a continuous effort, and we just stopped trying.
On the necessity of wealth creation, I fully agree with you. I think the Germans, Danes, Swedes (etc) will soon find out that they will have to work a whole lot more than their parents to enjoy the same standard of living their parents could enjoy. It's not a pleasant thought, but then, the prosperity that Old Europe has enjoyed over the last few decades is pretty much an historical anomaly.
I could not agree more that prosperity is a continuous effort. I suppose the old Europeans are just a bit blasé and refuse to look at the facts. The world has changed.
http://www.skovgaard.org/europe/denmark.htm
The Danes believe Denmark is the best country in the world, that Danish beer is the best in the world, and that anything they do is better than anywhere else in the world. But however contradictory it may seem, between them, they don't like to see others being successful. Thus, they do everything they can to bring down the brightest amongst them. The communist tax system that has brought the highest overall taxation level in the world is an effective way of doing so.
Most importantly, most parties aren't communist, they are "social democratic", definitely very left leaning compared to anything. There is a general (far from thorough) respect for private property, something you wouldn't expect from communists.
Denmark and most of the rest of Scandinavia used to have a very classically liberal (~libertarian) mind set. It is the work ethic that has maintained much of the prosperity. Many of Denmarks large successful export businesses come out of this period.
As I like to say. Denmark is prosperous despite their welfare state and not because of it.