Earlier quoted context omitted.
The scale of ambition is completely different. The Computer Literacy Project put a computer in every school and led to 141 TV programmes over a decade. At the highest levels of government, it was seen as an urgent priority. We wanted to be a world leader in software and we heavily invested to make that at least plausible on a per-capita basis. Today, there's lots of ambition but very little follow-through. They talk…
Your last words are ironic. Anyone writing on the subject at the time would have ended with "we're being left in the dust by Japan".
Technology changes on very short timescales. No advantage lasts for long, no matter how great that advantage might be. You have to keep investing, you have to keep experimenting, you have to be prepared to radically pivot, otherwise someone else will take advantage of your complacency and knock you out of the game.