You may wish to look at recent performance of different countries in academic competitions like International Math Olympiad and International Physics Olympiad for some objective metrics:
Edit for the last sentence of my comment above (which is not factually accurate, although the point stands):
The US usually ranks well but often comes behind China, Russia, or less well-known countries like Vietnam.
Top talent are born all over the world. With global education becoming more decent esp in developing nations, these talented people can flourish and become competitive with those born in developed countries. 7+ billion surely include many more top talent than 300+ million.
https://imo-official.org/year_country_r.aspx?year=2017
http://www.ipho2017.id/home#official-results-of-ipho-2017
The US ranks decently but behind China, Russia, and Vietnam, in both subjects.