This completely ignores the huge benefits that come from socialized education (and healthcare, public transport and to so on). These are only a net negative when considered over a very short time frame. Long term, having a healthy, highly educated, low debt society is hugely beneficial to that society, especially when you stop looking at things through the narrow lens of "the economy" and consider the overall health of the society instead.
Even when you look at just the economy, yes, the US has higher GDP per capita, but it also has higher income inequality so that doesn't say much about what the average "person on the street" is getting. All measures of the economy have problems, but GDP per capita is one of the worst when it comes to judging how well off people in a country actually are, and it feels like people use it mostly just for scoring points. Median income, access to housing, healthcare, education, public transport, pollution levels, ease of doing business or interacting with government, corruption, freedom of the press, levels of racism and prejudice against minorities, and so on, all of these are at least as important considerations as GDP when considering the wellbeing of a country's citizens and I don't think any country in the world scores highly on all fronts.
EDIT: actually I saw you said GDP PPP per capita which is better than pure (nominal) GDP. But in that case, the US is quite far from the top - it's actually 13th, while Ireland is 5th and UK is 26th
This completely ignores the huge benefits that come from socialized education (and healthcare, public transport and to so on). These are only a net negative when considered over a very short time frame. Long term, having a healthy, highly educated, low debt society is hugely beneficial to that society, especially when you stop looking at things through the narrow lens of "the economy" and consider the overall health of the society instead.
Even when you look at just the economy, yes, the US has higher GDP per capita, but it also has higher income inequality so that doesn't say much about what the average "person on the street" is getting. All measures of the economy have problems, but GDP per capita is one of the worst when it comes to judging how well off people in a country actually are, and it feels like people use it mostly just for scoring points. Median income, access to housing, healthcare, education, public transport, pollution levels, ease of doing business or interacting with government, corruption, freedom of the press, levels of racism and prejudice against minorities, and so on, all of these are at least as important considerations as GDP when considering the wellbeing of a country's citizens and I don't think any country in the world scores highly on all fronts.
EDIT: actually I saw you said GDP PPP per capita which is better than pure (nominal) GDP. But in that case, the US is quite far from the top - it's actually 13th, while Ireland is 5th and UK is 26th
https://www.worldometers.info/gdp/gdp-per-capita/