that is a tad reductionist,and does not really express the finer minutiae.
there are very powerful and influential forces that put immense pressure on the political class.
big oil,which is probably the biggest recipient of corporate welfare(socialism),has dictated policy for multiple decades.
for years the global economy took their directions by following the USA.we used to LEAD the world in future technologies,but since the new software of capitalism in the form of neo-liberalism,that dynamic has changed.
so many western countries stopped following our lead and started forging their own paths,with their own goals and new partnerships.they are in the strictest sense..leaving the US in the dust.
so while the US continues it's goal of American hegemony and gobbling up all the resource (a.k.a OIL) countires into out trade groups.other countries are coming up with new and creative ways to address the inevitable energy collapse in regards to oil and natural gas.
to put it simply,we are getting dusted because our inability to adapt to the new paradigm.