A Springboard To Services

Clearly the US government had to intervene in the US and global banking system, it was only going one way otherwise, and that was not up. However as credit availability shrinks and the consolidation in the banking sector increases, along with challenges for the private equity and investment markets. I fear that we will have a potential for a lack of innovation as new ideas are harder to fund. IT will not be immune to this of course, so there is a chance that innovation will become more difficult, or be placed in the hands of the largest firms such as HP, IBM and Microsoft who are able to capture capital more readily. Whilst this is at least some innovation, e-Bay, Google and Symantec did not spawn from IBM et al, rather from small funded ventures.
One may also argue that there is a lot of capital in the emerging economies such as the Middle East, China and India, this may lead to the innovation not so much dwindling, but accelerating the shift from the US to China et al. This is of itself a fundamental shift as the emerging markets have in almost every type of IT investment been guided by US based firms. If this shift or transfer occurs it is going to be one of the most seismic shifts IT has experienced.