LOL, yeah. Capitalism.
The great socialist countries are way ahead with modular, standardized mobile handset components.
Everyone knows the longest-lived PC bus standards came out of the Soviet Union and North Korea in the 80s.
And large businesses worldwide are still running accounting software on the mainframe architecture China’s government developed in the 60s.
Is COBOL subject to buffer overflows and use-after-free bugs? I honestly don’t know.
I don’t recall the COBOL code I’ve read using pointers.