Ruchir Sharma's Swiss Model

The New York Times had a column by "global investor" Ruchir Sharma this weekend in which he touted the Swiss model as being preferable to the Scandinavian model promoted by Bernie Sanders and other progressives. He notes that Switzerland is considerably richer, has a smaller government role in its economy, and still manages to provide health insurance to everyone.

There are a few points worth making about Sharma's piece. First, one of the big factors that contributed to Switzerland's wealth is that it shiel...