From a classical liberal perspective, Switzerland's governance seems utopian. Low taxes, good services even for low income people despite the low taxes, very decentralized government, and it really does seem true that "no one bothers to know who the president is".

My big question: what's the catch?

Like, what stops every other country from adopting a Swiss-style political system?

(This is not a rhetorical question, I'm actually curious)

My guess: getting there means ceding a large amount of control from the federal government. This process requires going through a saddle point / unstable configuration where individual states degenerate and temporarily provide worse services than the status quo