I am not sure where you got this dichotomy, but the appropriation process in the USA certainly has its own corruption issues, strong industrial lobbies are IMO a form of legal corruption (including campaign donations), and the current administration is in a class of its own wrt corruption and wasteful spending.

The USA certainly have the "best" (according to some metrics) economy in the world, but the reasons are complex, diverse, and mainly historical.

I will concede that some areas see fewer regulations, leading to a leaner permitting process (though it has consequences on road safety, environment pollution and gun safety, for instance).

However, it is hard to predict the future, and I am unsure if your last point will stand the test of time. For instance, if/when the AI bubble pop, the USA job market will probably suffer more than others. It is tempting to always see greener grass elsewhere, but Europe isn't in such a bad position compared to the USA.