Why are western video games failing so hard?

The last exciting western video game was cyberpunk 2077 and technically it's Polish not American. Even that was a shitshow.

Elden Ring meanwhile is game of the year. The year before that Death stranding was the big game everyone talked about.

The Last of US 2 went down the shitter too. Horizon zero dawn was crap too.

Last time a western game didn't disappoint and was really good was either God Of War or Spiderman 2018.

Since then there has been no worthwhile game that I can think of that's coming out of the western world except for GoW2.

Why have western games become so shit?

Are Americans not worries that they have lost the culture war? That all of video game culture that is successful seems to be coming from Japan and South Korea? Or does the current day US consider them equivalent to Italy and Spain?? That is the only way this state of affairs makes sense to me.