Same applies to US economy.
What keeps ringing in my mind is a line from an interview with HP CEO Meg Whitman last year. She said something to the effect that there's no profit in the PC market.
She's absolutely right. They way they're built now,with so much crap loaded on a mainboard and dependence on a overpriced, resource-hungry, under-performing OS there is absolutely no margin.
This just astounds me because everywhere I go, my work, the hospital, doctor's office, vet, supermarket, auto parts store, restaurant you'll see an HP (I'm using one now, an off-lease workstation purchased from a local discounter). Even with that level of market dominance, approached only by Dell, HP can't turn a profit and Whitman was talking of dumping the entire PC division. This will remain the rule as long as the market is dependent on Wintel designs.
… we have a banking/financial system which has no interest in LONG TERM investment
This keys in with my comment above. What once was an "18-month or bust" return on investment rule just keeps getting shortened. The market has the attention span of a gnat. This has lead to leaning on media hype and planned obsolescence policies to gin-up investor enthusiasm. The poster-child for this is Apple.
Apple creates one innovative design and road-maps a series of incremental upgrades to it, keeps everything under tight security wraps and touts each iteration as a major advance in technology. Allow me this soapbox, please, I despise Apple for this one reason: It has prostituted itself to become the darling of the modern liberal culture when it is, in fact, a shaitan to every principal which they hold dear.
I can pretty much hurl the same accusation at Microsoft. These two companies with their media-hype marketing, narrow-minded development strategies, intolerance of market competition and compulsively obsessive abuse of litigation have left the marketplace in a shambles.
It is my sincere hope that this project, using an SoC, employing open-source OS's and turning it loose for experimentation will help break these monopolies.