Yeeeeahhhh, no. Little Vjarni or whatever his name is will grow up speaking a language that is a cut-off survivor of a completely different language family than the Slavic and Germanic ones used in the surrounding countries, spoken daily only in his own country, and will have to learn English, Russian, or German if he wants to get a job that requires travel or has much upside potential at all. Little Johnny in Kansas is mainly held back by a culture that minimized the value of character, challenge, initiative, independence, and hard work, not by his language.