You seem to be implying that innovation never happens in Europe? Is that correct?
Sure, there's poverty in Europe, and sure the GDP per capita is lower. But poverty and absolute precarity like it exists in every major US city is unheard of here.
Ironically, part of the culprit for creating these absolutely destitute inhumane conditions is said "growth agenda".
The American Court of Nero is currently torching its Empire, whether it can still be salvaged is yet to be seen.
It is precisely the lack of regulation, the social decay and the "growth agenda" that has driven the country to this point. You don't need Europe as a threat. You are self-destructive enough to do enough damage all by yourselves.