Right, because Europe is so innovative.

The mother of invention is idiomatically necessity, not comfort.

Ultimately, increased levels of competition should lead to higher levels of innovation.

Btw, what is "the GCC era" a reference to?

Europe is quite innovative on per-capita basis. Not like US but the workers there have much happier lives and their societies don't have extreme inequality and resulting violence like the US.

China is arguably more innovative than all and has terrible work life balance, but their society is stable and you won't go from millionaire to homeless just because you had to get cancer treatment.

GCC = global consulting companies, the bane of innovation. Outsourcing of all kinds (even domestic C2C) should be banned.