3 ms·
>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 t
by FirmwareBurner 3y ago
>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.
- vl 3y agoBut also they had their military expenses reduced to almost 0 for decades. It’s easy to compoundly outgrow neighbors if you don’t spend as much.