It's a marathon, not a sprint. I live with a high living standard with access to good health care. Hey, I also live in a democracy, and you're right that I think we need to defend that well. Let's hope & see if we have what it takes..
And most of the world doesn't run on fancy new gizmos (that don't make money for the shareholders anyway). Europe is still rich because it produces high value items like steel from iron ore, and machines and cars from steel.
MRNA - Pfizer, Moderna, and DARPA (who was involved in funding research) are all American. Just not BioNTech
Stable diffusion - the original diffusion paper was at Stanford in the US, not Europe
EUV - a DARPA project whose tech was licensed to ASML
That said, American tech depends on getting great talent from all over.