Right now the weakly regulated American market is delivering staggering competition where massive corporations are fighting tooth and nail over my 100 bucks.

I kept hearing the same about previous age tech and there also Americans rule the Internet: Google Search, Workspace or m365, AWS, Cloudflare... Even Linus moved to the US.

They've been pretty efficient in squashing any potential competition because of that weak regulation, yes. Don't confuse it with competing on the merits of their products.