I'd argue that the US, especially in tech, doesn't suffer from "credentialism" like countries like India do. You can go and become an IT professional with zero qualifications and if you're good you can move up the ranks. In other systems you need to have x degree, x certification, or be part of x union, etc.

One of the US's biggest advantages is that low regulation environments help build a meritocracy of sorts as long as obvious corruption is curtailed.

Try being a French tech startup compared to the US and tell me how bad the US's credentialism, education, and regulatory processes are. I think we have it easy and a lot of our culture rewards and encourages 'free thinking' at least for now.