Ouch......................

Spengler frets about the recent lack of "inventiveness" in the good old U. S. of A.  Full essay is here.  Money quote is here:

"In short, the United States does not have a tech sector. It has mature consumer businesses operating under the technology label. They walk like mature consumer businesses, quack like mature consumer businesses, and fly like mature consumer businesses. They are run by patent lawyers rather than engineers."