Hiya,
Evilshell et al - As is often stated, the USA is built on a 'free market' economy. Here's a pasted couple of paragraphs to describe;
(from the wiki)Capitalism is a broad economic system where competition in a free market determines the price, production and consumption of goods through the invisible hand of supply and demand reaching efficient market equilibrium. Capital, property and enterprise are privately owned and managed for a profit.
New enterprises may freely gain market entry without State restriction. Employment and wages are determined by a labour market that will result in some unemployment. Government and Judicial intervention are employed at times to change the economic incentives for people for various reasons. The capitalist economy will likely follow a business cycle of economic growth along with a steady cycle of small booms and busts.
The opposite to that is Communism and that descriptor is;
(from the wiki)
Communism is the evolution of socialism so that the central role of the State has 'withered away' and is no longer necessary for the functioning of a planned economy. All property and capital are collectively owned and managed in a communal, classless and egalitarian society. Currency is no longer needed, and all economic activity, enterprise, labour, production and consumption is freely exchanged "from each according to his ability, to each according to his needs".
There's no political system beyond these two.
(from the wiki) Socialism refers to the various theories of economic organization which advocate either public or direct worker ownership and administration of the means of production and allocation of resources.
(also from the wiki) Communism is a sociopolitical movement that aims for a classless and stateless society structured upon common ownership of the means of production, free access to articles of consumption, the end of wage labour and private property in the means of production and real estate. The exact definition of communism varies, and it is often mistakenly used interchangeably with socialism; however, Marxist theory contends that socialism is just a transitional stage on the way to communism.
So Socialism sits to a lesser extent than communism but is 'biased' that way rather than towards the Capitalist system.
I've also not stated the UK is 'Communist' - I've stated that the UK is a 'Mixed Economy'
In more modern times, as there's been less and less Communist countries left in the world, there's been a shift to 'Socialist' economies adopted by many countries. It's that shift where the world is today
(from the wiki)
There is not one single definition for a mixed economy, but the definitions always involve a degree of private economic freedom mixed with a degree of government regulation of markets. The relative strength or weakness of each component in the national economy can vary greatly between countries. For some state, there is not a consensus on whether they are capitalist, socialist, or mixed economies.
So, in modern times it's those three, Capitalist, socialist or Mixed Economies. The UK is under the 'mixed economy' out of the three, the USA is under capitalist and other countries (I don't know which!) are under the socialist one.
GDP - I'll rephrase, yes as per the charts, other much smaller countries have higher GDP per capita figures than the USA, so in that extent, I'm incorrect when it comes to individual people and their earnings etc. Perhaps go back up one level and look at which countries have the 'largest' economies as a whole, at which point it goes to the USA. So at that level again, the G8 or G20 group of richest nations, then the USA leads again. In some contexts the USA can't be called number one, perhaps in the way I initially said, in other contexts it can.
It's that 'secondary' personal level where this forum and others like it, people and families etc look at when deciding suitability to consider a move. In some (many) cases such as Chary's and Mrs Robinson (and others! don't think I've forgotten you all!) indeed, aspects of the UK suit them much better in their individual scenario's and I fully accept that. What I always mention in threads like these, is for the individual to look at their personal scenario and compare things perhaps firstly at the top level aspects of a country, and then into the secondary aspects.
I know there's a tendancy on this forum for the ones who love the UK, as they're now here etc within their personal scenarios, I also put forward that a balanced view should be put forward as well and some of the recent posts make it sound as though the UK will look after you no matter what in certain situations, when the reality is, it doesn't, but arguably, to a better extent that the US.
The topic of the thread is pro's and con's between life in the UK and USA so best to include all aspects right?!
Disclaimer - I'm not intending to cause any offence or personal attacks or anything, I don't claim to be a fountain of knowledge with political things, I'm a logic Driven Business person/Engineer/Computer bod and here to discuss and hopefully learn more too

one of my goals is again to be an employer, so who knows!.. might be one of you guys boss!
Cheers, DtM! West London & Slough UK!