Mudcat Café message #3973453 The Mudcat Café TM
Thread #165570   Message #3973453
Posted By: Iains
25-Jan-19 - 08:27 AM
Thread Name: BS: Brexit #3: A futile gesture?
Subject: RE: BS: Brexit #3: A futile gesture?
Big Al the world was changing prior to Thatcher. If you study the aircraft industry it was a world leader immediately postwar and into the fifties. Both political parties destroyed the aircraft industry ably assisted by management of the numerous aircraft companies. The reluctance to modernise and integrate was not restricted to the aircraft industry. The unions are a separate issue- governments rule countries not unions,( or cadres trying to redefine british democracy, as now). Thatcher created big bang and as a result the service sector exploded while traditional industries declined due to poor management, union activists, lack of investment and more importantly global competition. How you wish to explain it depends on perspective. The textile industry grew on the colonial market, now many of those markets manufacture and export. They also have the competitive advantage.
The industrial revolution started in the UK but on down the line others learn from our mistakes and did not have obsolescence to deal with. America also soon caught up and overtook the UK in innovation. The US industry for small arms was the first to perfect mass production techniques.