Well the US are maybe a bit more innovative here, but actually they are just much more aggressive. Things like facebook, twitter, Reddit etc. need to harvest user data aggressively and sell them. In Europe this is seen very critically so it is much more risky to make this a business model. Also AI, they have not been been particularly clever with Chat GP, they just haven been totally reckless and just ignored any concerns guideline etc. Another sector is Oil and Gas. While Europe heavily suffers in case of energy prices, because they have no natural resources, guess who makes all the profit. The fracking and also other gas industries in the US are booming heavily. China on the other side has not those old and high depts like Japan, US or Europe. And the invest everything in those new technologies like batteries etc. also they have still a very high youth unemployment, so they continue their pish to become a global manufacturing powerhouse. But since wages go up, they have have competition from Asia and Africa. Yes the German industry is not strong at the moment and will not grow also in the next years, but most people are also somehow saturated with what they have. So many people just try to work less, which of course makes it hard to compete with other countries. But I still Europe has a certain edge in „educated“ workforce.