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The failure of companies is part of the dynamism that makes the US strong.
In the 1950s, Massachusetts was concerned about the tremendous loss of jobs, as their famous textile mills shut down one by one. But a lot of mills were converted to office space where computer companies moved in, and suddenly Mass. had the Rt. 128 corridor, and a mini silicon valley with DEC, Data General etc., fueled by M.I.T. and the minicomputing revolution.
Now those companies have been eclipsed again and now the area turns to newer possibilities such as biotech. But if we had demanded the preservation of the mills in 1950, none of this would have happened... and we would be talking about places like Burlington and Woburn in the same tones as we talk about Flint and etc... dead-end towns with dead-end jobs.
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