Quote:
Originally Posted by Gravdigr
The New York Times' 'Lens' blog has a decent story concerning Kodak's first digital camera, circa 1973.
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Never forget why so many thousands of American jobs were lost. Kodak was dominated by business school graduates. A digital camera would compete with their primary business - film. Rather than innovate and therefore advance mankind, these business school graduates stifled that innovation. Digital cameras were provided by more patriotic companies such as Sony, Canon, and Olympus decades later.
Who got the jobs? Patriotic Americans (with Japanese citizenship) because only they would do what defines a patriotic American - innovate. Kodak was only interested in cost controls and other lies taught in the business schools.
After film went away, one would think they learned from their mistake and innovate. Instead, Kodak went whole hog into printers. Business school graduates refused to do 3D printing; instead decided to buy into and become experts on obsolete technology - 2D printers. Since Wall Street is also full of these anti-American (anti-innovation) types, then Wall Street gleefully invested in Kodak - dominated by people who hate innovation due to a spread sheet mentality. Wall Street also promoted a reduction of the American standards of living.
Digital camera demonstrates how Kodak could have learned from their mistake. Those mistakes cannot be learned on any spread sheet. So thousands of American jobs were lost.