I somewhat agree on the topic.Though they are financially sound and they serve as a homeland for most of the FORTUNE 500 companies,they are currently lagging in innovation when compared to China or India.So w/o innovation a country cannot survive in the future and this is applicable not only 2 IT field.
well it surely seems US is losing its IT power as we have now seen the focus of MNCs coming and developing their IT structure in india in a big way......
even the european union is giving boost to its IT industry to directly compete with india.... china too is gearing up its employees to learn english n give a tough time to indian counterparts...........