Flow My Thoughts, The IT Professor Said

Let It Fail, Let It Fail

http://zdnet.com.com/2100-1104_2-1027238.html

Article reprising a study from the Rand Institute suggesting that the USA will maintian a lead in technology development for the forseeable future, despite developments elswhere. One critical element in the set of USA national advantages is a willingness to allow uncompetitve industries to fail. Since the "hollowing-out" of basic manufacturing once led to prolonged lamentation, there is some virtue in finding out this "medicine" is good for the country after all.

Incidetally, though I cannot provide citations, there have been several other studies (one source being George Guilder) suggesting that allowing uncompetitive businesses to fail is best in the long run.