Those asserts were _created_ by a tiny percent of the population; if they hadn't been allowed to create those assets then they wouldn't exist. Europe is an example of that: it has only 2 companies in the Fortune 500 (500 biggest companies) that were created in the past 20 years, i.e. essentially no tech industry there. Because the policies there make entrepreneurship comparatively quite difficult.
The EU is extremely close to entering its own Japan-like "lost decades" if nothing changes very soon.
> Average Western European living standards appear much closer to those in the United States (around 85 percent for welfare versus 67 percent for income) when we take into account Europe’s longer life expectancy, addi- tional leisure time, and lower inequality.
Jones, Charles I.; Klenow, Peter J. (September 2016). "Beyond GDP? Welfare across Countries and Time". American Economic Review. *106* (9): 2426–2457. https://doi.org/10.1257/aer.20110236. ISSN 0002-8282. S2CID 1352951.