I agree with his assessment that the landscape is changing rapidly and profoundly, although I don't know if the resultant loss of economic and political weight means that we can't still have our best days ahead of us.
All that's necessary, I think, is the political will to move forward in the right direction. I would argue that large infrastructure projects in telecommunication and energy, and shifting education goals towards an information economy and away from it's Taylorist origins are most important to be able to compete in the future.
Although even with that, we will probably never have the kind of political dominance we've had in the past. I don't think I've ever had a problem with that.