> America operates on the principal that it is better to fail quickly and rebuild than it is to defend what’s not working to preserve the status quo for as long as possible. In a century marked by rapid technological change, it is probably better to hybridize the American and European approaches, allowing faster bankruptcies and more flexible job termination in Europe while also providing a more generous safety net in the US.

This is Denmark's model and it works very well. Denmark is considered the easiest to do business in Europe, and #4 globally (https://www.copcap.com/news/denmark-is-the-easiest-place-for....).