Tonight I attended an excellent presentation by Richard Elkus, Jr. at the IEEE Components, Packaging, and Manufacturing Technology Society (CPMT) Santa Clara Valley Chapter monthly meeting. He spoke about how the United States is losing its global competitiveness due to our financial issues and our inability to manufacture technology domestically.
Early in his career at Ampex he did the product planning for and led the team that introduced the VCR. In 1970, they partnered with Toshiba to manufacturer the units. He then illustrated with multiple examples, how we lost our ability to innovate and to remain competitive when we “off shored” the production of a given technology. This is also the subject of his book Winner Take All: How Competitiveness Shapes the Fate of Nations.