The EU is doing just fine economically. It's a great place to live which matters much more than money. Also, the US has 40 trillion in debt. Every taxpayer owes $280k.

The EU is not perfect and recently they took a turn for the worse with shit like ChatControl and the ppwr killing small businesses.

But economically it's not a problem. It's not a race to be the richest, though America always makes everything a contest. We just need enough to live comfortably.