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Right, and in The New Industrial State Galbraith claims that by and large in the 1960's both US and Soviet large enterprises were in the middle.

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith
by Migeru (migeru at eurotrib dot com) on Wed Sep 24th, 2008 at 07:48:22 AM EST
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Hmm. IBM? The 60s were politically different because there was still a culture of Innovation as a Good Thing. So in IT especially, and less so in other kinds of engineering, there was a lot happening - but mostly it had been seeded by investment in education during the 50s, and the 60s were a harvest period for that.

By the mid 70s that effort had largely run of steam - certainly in the UK, and probably also in the US. I don't know enough about Soviet Rrrrussia to say anything plausible about what was happening there, but the Soviets didn't seem to have a similar innovation culture, and never really got over their pseudo-Lysenkoist ambivalence about science.

By the 80s a lot of these middle ground enterprises were dead, dying, or on life support, which suggests they can't really have been all that responsive.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Wed Sep 24th, 2008 at 08:34:11 AM EST
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