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Corporations are not generally good at adapting to the future. How many companies can you name that have been around for 75+ years? The only ones that come to mind in the electronics field are IBM, GE, Motorola, and possibly Hewlett Packard. What has happened in electronics is as the old corporations have died, new ones (TI-1947, Intel-1970, Apple-1977, AMD-1970s) develop to take their place. The complete list of recent corporations would be quite long. All of the above mentioned recently formed companies did develop new technology in the US. Some continue to do so. In fact, Motorola(an old line company) essentially developed the entire cellphone industry. The fact that the latest TV displays were not developed in the US does not indicate that innovation is dead here. In fact, I would propose that most of the HDTV specification and algorithms are from US sources.
Also remember that foreign corporations also stumble-look at how Sony is doing these days.
If you think that this lack of forsight is only in electronics, just remember Studebaker, American Motors, Packard, De Soto, Hudson, etc.
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