For instance: The values of the USA especially on the republican side are as follows - very low taxes, minimal government, minimal regulation, no caps on the rich, very little restriction on big business, and so on.
The entire American economy is geared towards building vast amounts of wealth, but the middle-classes and the lower-classes suffer as a result. These classes sustain a system with their blood and sweat, and their overall quality of life is lower than that of governments with more socialist values.
However, the major positive aspect of the USA is that it produces such a surplus of revenue that companies are ahead of the rest of the world in terms of scientific research, and the latest technological innovation. In essence, the wealth at the top accelerates the rate of technological progress and scientific discovery.
However, the overall quality of life for each regular citizen suffers. This can be seen if the USA is compared to Canada. In Canada, we have more socialist ideals, higher taxes, more caps on big business, more government, higher taxes on the rich, but as a result there is much less surplus revenue to invest into things like scientific research and technological innovation. Canada has always lagged behind the USA in this regard.
So Canada’s citizens have more safety nets and their overall quality of life is probably much better than the average US citizen, but the USA are leaders of scientific discovery and technological innovation.
So these two factors seem to play off each other somewhat, so which one should we value more? Scientific/technological innovation? Or Socialist protectionism to increase the overall well being of each citizen? Or is there a balance that can be struck between the two, Japan seems like a possible example of the middle-ground between liberalism spending and socialist protectionism -
Quotes from Wikipeda:
Japan is a leading nation in the fields of scientific research, technology, machinery and medical research. Nearly 700,000 researchers share a US$130 billion research and development budget, the third largest in the world.[59]
Only in Japan, by far the most developed of Asian countries, did traditional socialist organizations become firmly established. The Socialist Party of Japan, formed in 1901, endured varying periods of repression and harassment until 1946, when it won more than 90 seats in the Diet to become Japan's third-strongest party, and a year later its leader, Katayama Tetsu, became prime minister…
since the late nineteenth century, the judicial system has been largely based on the civil law of Europe, notably France and Germany. For example, in 1896, the Japanese government established a civil code based on the German model.