Earlier quoted context omitted.
The main reason why "cool stuff" is made in America is because of massive government subsidy to the computer industry in the 50's, 60's and thanks to publically funded research (Bell labs, PARC etc). Again in the 80's under Reagan there was big investment in the computer industry as they recognized that Japan was starting to take the lead in tech industry.
My understanding is that both Bell Labs and PARC were owned and operated solely by large corporations (AT&T and Xerox, respectively). Do you have a source on government funding of either?
Bell Labs was independent, but there are similar indirect links - lots of freshly minted PhDs cutting their teeth on government funded research, then moving into industry.
Government seed funding was directly responsible for the Whirlwind and TX series projects, for IBM's SAGE system, for the work of important consultancies like Bolt, Beranek, and Newman, and the various ACs (Illiac, Multivac, etc) all of which laid the foundations of modern computing.
IBM, DEC, and eventually Apple and MS productised that work, but it simply wouldn't have happened without government support.