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Originally Posted by Tinordi
So true.
The most innovative firms in the world are still mostly American. Apple, Google, hell even GE, and the lion share of profitable energy and internet firms.
What's going on is the painful economic restructuring where workers from uncompetitive sectors (primary manufacturing) and losing out to workers to competitive ones (high tech, services). The key is to not mess with that. There will be winners and losers unfortunately but on the whole, as their economy transitions they will be better off.
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I don't think innovation in itself is a problem, its the support from underneath. Its no secret there is a widening gap between the educated and everyone else, and the country is moving towards a small elite and inefficient working class.
Finance is an huge issue, but they can be juggled by crafty accountants. The underlying problems of working going overseas (and it does, for sure) is a bigger concern.
(And I don't know why you'd have Apple at the top of the list, then follow it up by saying "hell even GE" ... GE is quite well known for their R&D, while I'd argue Apple is more cosmetics and fashion.)