There is a growing resentment across the world that placing all our eggs in the American software development basket just did not work. People talk about the kind of like Japanification of industrial economies in the post-recession period as being a lost decade. I think what they had hoped for in the 90s was a global market for American goods and a global suppliers of low-wage labor to put those goods together. What actually happened is that especially Chinese companies end up competing with a kind of leaner and meaner capitalism that Americans did.

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