According to a lot of indexes, Latin America is the happiest place on earth. Though poor, people seem to generally enjoy life. See: http://univisionnews.tumblr.com/post/25175114944/latin-america-happiness-index-costa-rica
I have a friend who is currently living in Europe, and has lived in several Latin American countries, he can confirm that people there are just happier day to day, although they have much less money.
Any idea why that is the case? We could learn a bit. Maybe while still keeping a higher degree of capitalism and freedom ;D