Somebody explain to me how is the US economy successful when all of it is participating in the broken window fallacy?

The 2008 financial crisis was caused by the broken window fallacy equivalent, where nothing was being added to the economy in terms of goods or services, and the price of housing was consistently going up until the bubble popped when people couldn't repay their bad loans. It pretty much crashed the entire western market.

Today, we are seeing the same trend in the US, where prices of goods and services scaling up appears to be the major source of additional income and economic growth, rather than any new products or services being added to the American market. That is, the US market is creating another bubble that is set to explode and be worse than the 2008 economic crisis, because this time the bubble is being allowed to become far larger without being popped, through the government keeping failing banks and businesses in power by saving them from defaulting.

How is thing going to save America? Outside of the luxury products market, currently the Chinese dominate all of the other markets and are consistently expanding in them. Even Samsung has begun to fall in the face of the Chinese smartphone market, which is apparent in the collapse of their company's market value.

In the video game industry today, out of the top 10 revenue earners, only 5 are American.

Globalization is destroying America's lead and competitiveness on the world stage today, as the US is too isolationist to be capable of cooperating with the rest of the world when it comes to making better product.

The Europeans on the other hand have embraced the future and accepted that all East Asians are white people.

So I ask you, how is the US going to defeat the European-East Asian empire, when the US keeps growing their economy by simply increasing the price of products without actually making anything new except for spaceships, AI and cultured meat?

The rest of the world appears to have them beat everywhere else.