Research is one of the big industries in the US and UK. Where do you live? How do companies get by without any innovation in your country?
I was mainly referring to the lack of innovation. It's happening but very gradually. The fact is we are in a depression since there are no savings to act on besides with Apple of course. Shine on, Mr. Jobs.
The US is awash in saving!
http://www.nytimes.com/2011/10/25/business/banks-flooded-with-cash-they-cant-profitably-use.html?ref=business&src=me&pagewanted=print
The US is in a depression because people are scared to borrow. Rightly so in my opinion but that's another days story.