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We killed our own telecommunications industry by first throwing it into a massive bubble and then starving the shit out of it. It wasn't killed by spying Chine
by chvid 6y ago
We killed our own telecommunications industry by first throwing it into a massive bubble and then starving the shit out of it.
It wasn't killed by spying Chinese communist; if anything it was killed by the flipside of our capitalist system. The "madness of crowds" that drives "hot" industries through periods of massive over-investment followed by massive under-investment.
- treeman79 6y agoSounds like it was badly miss managmed. Better companies outsold it, causing it to file bankruptcy. This is one of the points of capitalism, Bad / wasteful decisions lead to failure. Better managed companies rise. Consumers get better products cheaper.