The Kodak company went bankrupt because it thought it was in the film-making business, and not the image-making business. So when digital technology came along, Kodak wrongly focused on propping up its dying cellulose-based business rather than figuring out how to adapt to the digital age.
As goes Kodak, so goes the U.S. health care system, argues Merrill Goozner in an acute analysis of Mitt Romney’s wrong-headed approach to fixing the woes of health care in America. Read his piece here.