[devonkim]

The problem is that the financial performance and massive inertia of these organizations are becoming such financial liabilities that our economies will be held back by organizational / cultural and technical debt at the same time in these organizations. I've been observing the trend for the past decade where the top tech companies are accelerating in output while most of the large institutions are falling further and further behind. Intel can keep pushing all the way to the theoretical limits of silicon for transistor size, but the economic costs including just sheer interest on fab facilities alone of getting there would bankrupt the company or hurt its credit rating.

To put it into a more concrete analogy, Google is putting out autonomous cars when tons of companies are celebrating releasing the Model T or are still currently developing it with massive delays and cost overruns. Meanwhile, much of the appetite for government spending is dwindling for various reasons and this will cause a lot of strife that hurts already-slow moving organizations. Furthermore, brand recognition by the current generation of entrepreneurs for old hat technology companies is looking absolutely horrific. The next Fortune 500 CEOs 30 years from now are likely in their 30s or 40s now and they're well aware of the lack of compelling vision by so-called "technology" companies that are really just technology re-sellers and are thus unsuitable partners for increasingly tech-reliant businesses (the few that don't have such plans may be so clueless they won't matter).