Re:End of an era for electronics giant Toshiba
by FirmwareBurner on Wednesday December 20, 2023 @08:08AM
(#38708205)
>The foundation of the US tech industry was created in the years after WW2
So was Germany and Japan. Both of which became much wealthier post-WW2 than before thanks to their booming industries.
The difference is the US managed to successfully pivot away from the post-WW2 boom industries into the 21st century growth industry, aka IT or tech, while the other two countries got complacent and stagnant, pigeonholed in the same post-WW2 industries that made them wealthy in the first place but which aren't driving as much growth anymore today.
So was Germany and Japan. Both of which became much wealthier post-WW2 than before thanks to their booming industries.
The difference is the US managed to successfully pivot away from the post-WW2 boom industries into the 21st century growth industry, aka IT or tech, while the other two countries got complacent and stagnant, pigeonholed in the same post-WW2 industries that made them wealthy in the first place but which aren't driving as much growth anymore today.