It does. If you identify "innovation" differently. The American meaning of "innovation" is finding a way to force ten million people to pay you a dollar each. European innovation is, like, Mastodon, where you specifically cannot be forced to pay a dollar. This tends to not pay as well. This is because America selects for people who can get paid lots of money much more strongly than Europe does.
You seriously think America's innovation is Saas for a dollar? As opposed to almost everything that makes the modern world move forward, like cheap spaceflight, modern EVs, quantum computing, semiconductors ... the list of American-driven innovations is endless.
