Consumers may be the winners as China's Digital Giants fight those of the USA. And don't forget Japan.

If incumbent analogue industry leaders were ever complacent there is even less reason to be so in the face of this global digital disruption threat.

"America doesn’t realize how much things have changed and how rapidly it is losing its competitive edge. "

Vivek Wadhwa is a distinguished fellow at Carnegie Mellon University’s College of Engineering. He is the co-author of The Driver in the Driverless Car.