Success through an Existential Crisis and the Importance of Hardware and Software

Countries that have faced existential crises are often driven to succeed by the need to overcome challenges. Israel, for example, developed a strong capitalist economy, a thriving startup scene, and expertise in areas like cyber security and water policy due to the constant threat they faced. South Korea excelled in hardware, but it is now crucial for countries to master both hardware and software. The convergence of the two is evident in sectors like automotive, where cars rely heavily on software. To thrive in the future, countries must excel in both hardware and software. Countries like North America and Israel are well-positioned, while the European Union, especially Germany, excels in hardware but lacks software expertise.