Both countries have universal healthcare. Both countries have strong welfare programs to help those who are underprivileged. Both countries lack things like heavy drug sentencing for possession. They both have a much smaller wealth/wage gap than we do, too. (It's getting worse.)
Sorry, before the 1993 bit: Socioeconomics are also why every single country with worse socioeconomics than the US has worse gun homicides. Most countries south of us, for example. It's a 100% correlation. Now, onto the 1993 thing:
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This is going to seem like a non-sequitur, but I don't think it is. There are many factors that led to the decline in gun homicides after its peak in 1993. But one thing to consider is this: It peaked around that time *everywhere*. Not just in the US.
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More specifically, violent crime (murder especially, regardless of implement used) peaked almost everywhere in the world between 1991 and 1996, then began declining. This excludes places where wars have started, or other major calamities.
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