The magic of capitalism is happening in China right now. You have hundreds of manufacturers making everything, driving prices down.
In the US, we're more like a command economy in many ways. We have these huge sectors like healthcare and defense that are 100% top down procurement and probably represent 30% of the economy. Another 8% of the economy is financial services, which is mostly a small cartel with direct government supports.
The telecom situation is the same thing. The corporate idiots bake out risks and the US turns into a dinosaur. Lots of real innovation will start happening in Asia.
