Adjust GDP per hours worked, you will find Europe has eclipsed the US in terms of productivity.
The US has the benefit of the government borrowing insane amounts of money to juice it's economy, by being the world hegemony. That advantage has evaporated and you see the current capital going to unproductive industries.
The US has the benefit of the government borrowing insane amounts of money to juice it's economy, by being the world hegemony. That advantage has evaporated and you see the current capital going to unproductive industries.