Telecoms by nature are global and one could argue Ericsson and Nokia both have global R&D and manufacturing - with a big and increasing part in China. The main reason for the consolidation in 2008 was imho. the preceeding concentration of telecom service providers putting pressure through their consolidated buying on the equipment providers triggering supplier consolidation.

Diversity thrives in environments with chaos and boundaries. Stable economic conditions, one single buyer with standardized buying rules are not helpful here. The nature of compromises driven by politics instead of facts (and thankfully so as concrete feedback for weapons means war) leads to pseudo differentiated products with poor cost benefit ratios. The recent developments in drone technology out of Ukraine are a testament what could be done with respect to creating a manufacturing ecosystem. Some of these insights are paid for dearly, some others may be of use also in peace times.

Quite rich how the capitalists are complaining about the hollowing-out of American industry - something they oversaw for these now-derided short-term profits.

Fortunately we can keep the spreadsheet GDP growth going for at least a while longer thanks to Excel’s Copilot AI integration

> Lieutenant General Arnold Bunch outlined the Air Force’s logic at a House Armed Services Subcommittee meeting. L3, he said, is the only company that can do the job. “They have all the tooling, they have all the existing knowledge, and they have the modeling and all the information to do that work,” he said.

Sure, but the CEO isn't the only guy who can run the company. Throw enough of them in prison for espionage and the next one will ensure the company is compliant.

Too big to fail only applies to the company, not management.

I just read articles about how iRobot got to the point of filing for bankruptcy. It's the same story, short term gains are prioritized, no long term strategy.

Executives in charge just want to cash out, then abandon ship.

I read that OpenAI CEO is 0% looking forward to becoming public. I don't blame him

See: https://en.wikipedia.org/wiki/TransDigm_Group#Accusations_of...

American capitalists just now figuring out that one must compete in order to win.

(2019) At the time (268 points, 149 comments) https://news.ycombinator.com/item?id=20312832