That is not the case any more. And because technological changes are now so rapid and the middle classes suffer as a result, there are political consequences, notably the current waves of populism: Trump, Brexit, Le Pen, the rise of neo-Fascism and leftist movements in Europe are examples.
…ions did not occur in those countries where technology used to be produced almost monopolistically. It is no longer the case that only the US and Europe innovate; the new industrial revolution has created opportunities for nations across the globe. This is a hugely important trend.