A big piece of the puzzle is missing from the article. Government funding to academic endeavors was drastically reduced across the board in the 1970s, thanks to sweeping neoliberal reforms. Mass privatization took over and businessmen started running everything.

Computer historians always downplay this major historical hingepoint for a few reasons, but usually because doing so helps conceal just how much the modern computer industry depends on technology which could only have been developed by the public sector.